The legal framework for activities of National Iranian Oil Company in discussion of hydrocarbons sources and its products was determined by approving the “Law on Development of Petrochemical Industries (with subsequent amendments)” on July 20, 1965 and the “Law on Development of Gas Industry” on May 25, 1972. Then, new rules were adopted for this new company.
Iran is determined to develop its oil industry in spite of sanctions imposed by the United States on the country, Iranian Oil Minister Bijan Zanganeh said in a televised speech on Saturday.“We will not surrender under any circumstances [...] We have to increase our capacity so that when necessary with full strength we can enter the market and revive our market share,” said Zanganeh.The minister was speaking before the signing of a $294-million contract between the National Iranian Oil Company and Persia Oil & Gas, an Iranian firm, to develop the Yaran oilfield that is shared with neighbouring Iraq’s Majnoon field.The agreement aims to produce 39.5 million barrels of oil from the Yaran oilfield in Khuzestan province in southwestern Iran, the Iranian Oil Ministry’s news agency Hit by reimposed US sanctions since Washington exited Iran’s 2015 nuclear deal in 2018, Iran’s oil exports are estimated at 100,000 to 200,000 barrels per day, down from more than 2.5m bpd that Iran shipped in April 2018.The Islamic Republic’s crude production has halved to around 2m bpd.The true story of how 10 million meals reached those who need it the most in Pakistan.Jinnah had made it clear that Pakistan would not be a theocracy and that all its citizens would enjoy equal rights.The idea of a just transition is emerging as a necessary condition for effective climate action.The PML-N was torn between the urge to seize the moment and not irk the authorities beyond a certain limit.Aug 14 is an occasion to introspect, especially for the youth’s sake.History’s role is often overlooked in assessing development.Is a provincial assembly competent to make laws in the domain of religious affairs?ON this Independence Day, the nation has every reason to derive a degree of satisfaction from the knowledge that its...ON Wednesday, the National Assembly passed five more FATF-related bills as a result of an understanding between the...AS countries race to produce the first coronavirus vaccine, Russia’s claims that it has approved such a vaccine...THE thought of getting the US or other world powers involved in improving the sticky Pakistan-India relationship is...THE reluctance to work at strengthening the foundations is reflected in the inability to deal with crises.
We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services. Iran’s Oil Minister: No One Wants To Deal With Tehran Due To U.S. Sanctions By Tsvetana Paraskova - Jul 20, 2020, 1:30 PM CDT. Iranian Acting Minister: Iran moving toward oil-free economy. OPEC and its allies had little choice but to keep production cuts in place as they try to support prices pressured by the trade war and recession fears. Hit by reimposed U.S. sanctions since Washington exited Iran's 2015 nuclear deal in 2018, Iran's oil exports are estimated at 100,000 to 200,000 barrels per day, down from more than 2.5 million bpd that Iran shipped in April 2018. In addition, the extent of Iranian or foreign companies and firms has clarified to participate in petrochemical product plans. The agreement aims to produce 39.5 million barrels of oil from the Yaran oilfield in Khuzestan province in southwestern Iran, the Iranian Oil Ministry's news agency SHANA said. Since the petroleum industry has a special role in the country's economy as a propellant industry and plays a key role in achieving the major goals of national economy, the ministry's performance is very important.
Hence, new oil law was approved on October 9, 1987. Sign up for The Jerusalem Post Premium Plus for just $5Upgrade your reading experience with an ad-free environment and exclusive contentIsrael, UAE reach historic peace deal: ‘We can make a wonderful future’Were suspicious tunnels near Beirut Port discovered after blast?What do Jewish voters need to know about Kamala Harris?NYT reveals origin of ammonium nitrate that caused Beirut blast - reportNasrallah threatens to blow up Israel with same chemicals as Beirut blast DUBAI: Iran is determined to develop its oil industry in spite of US sanctions imposed on the country, Iranian Oil Minister Bijan Zanganeh said in a televised speech on Saturday.
In addition, the extent of Iranian or foreign companies and firms has clarified to participate in petrochemical product plans.
The Ministry of petroleum of Islamic Republic of Iran was formed with the aim of applying the principle of Iranian national ownership and sovereignty to oil and gas resources, and separating sovereignty functions from company in the management and development of oil and gas industry of the country. @bhaRAT©, Why? After Islamic Revolution of Iran, the editing and approval of new laws were also on the agenda of Islamic Consultative Assembly with the necessity of following some principles and with regard to departure of foreign experts. The National Petroleum Procurement Proposal was signed by 17 representatives of National Petroleum Commission on December 8, 1950. National Iranian Oil Company (NIOC) National Iranian Gas Company (NIGC) National Iranian Oil Products Distribution Company (NIORDC) National Petrochemical Company (NPC) News & Events Latest MOP Stories Latest Events Media & Publications Gallery Tenders Useful Links Regulations Laws Legislations Decrees. There was...IN a meeting held on Tuesday, the Senate Special Committee on Child Protection spoke of the need to strengthen the...
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