The Iranian Minister of Oil announced the start of drilling for the Arash joint field in the near future.
Iranian Labour News Agency
The Iranian Minister of Oil announced the start of drilling for the Arash joint field in the near future.
“In the new [Iranian calendar] year (started on March 21), we will have $200 billion of investment making in the oil industry, relying on domestic capacity and international contract.s,” Iranian Oil Minister Javad Oji said
Iran’s oil minister on Tuesday criticized Greece and Italy for not buying its oil despite U.S. waivers and said they had not offered Tehran any explanation for their decision.
Iran will not be complying with the “fully illegal” US sanctions, Iranian Oil Minister Bijan Zanganeh said, in yet another defiant statement from Tehran after the American sanctions on Iran’s oil and shipping industry snapped back in early November.
Despite biting US sanctions and pressure on other countries, Tehran has found partners to buy its oil, and the number of such clients has actually increased, according to Iran’s deputy oil minister.
Iran said on Wednesday private exporters have had “no problems” selling Iranian oil, and 3 million barrels of crude could be sold soon to non-government traders, state media reported, despite U.S. sanctions targeting Tehran’s oil sales.
The United States has rejected a French request for waivers for its companies operating in Iran that Paris sought after President Donald Trump imposed sanctions on the Islamic Republic, French Finance Minister Bruno Le Maire told Le Figaro.
EU Foreign Policy chief Federica Mogherini said that the P4+1 reached an agreement to maintain Iran oil and gas exports.