NEWS
Oil   Gas  

MP: Sanctions Could Never Stop Iran Oil Progress

A member of the Iranian parliament said that US embargoes on Iran’s oil industry could never halt the sector’s progress given the capabilities of Iranian experts in the field.

Speaking to Shana, Mohammad Reza Rezaei Kouchi, who presides over the parliament’s Civil Committee, said, “Despite the fact that sanctions do have their impact, we have to admit that Iran’s oil industry has never ceased to progress under the embargoes.”

He said the US had always strived to throw a wrench in Iran’s oil exports and bring them to zero, but they had failed to do so.

“There might have been hindrances in the investment sector, but great achievements have been made in regard to the petrochemical and gas distribution projects in the country,” he added.

The MP said that the capabilities of Iranian oil and gas exports are well recognized in the region and even in the world, adding, “We have experienced the sanctions in the past.”

News No: 3821
Date: 2019/03/03 - 20:27
News Source: FARS NEWS AGENCY

Oil  Sanctions  US  Mohammad Reza Rezaei Kouchi  gas 

Comments:

Leave a Comment:

   
   
   
 

US targets banks after Venezuela arrests Guiado aide

The US administration today imposed sanctions on Venezuelan state-owned National Development Bank (Bandes) and other financial institutions to protest the arrest yesterday of a top aide to Juan Guaidó, whom Washington recognizes as the country's interim leader.
 

US automakers increase EV investments

US automakers this week announced more than $1.1bn in investments into electric vehicle (EV) production plants, expanding on the recent trend.
 

Established companies and start-ups Stronger together: Digitisation is dematerialisation

Established companies offer the greatest potential for digital transformation. However, traditional industrial companies are too focused in the concentration of their digitisation strategy on optimisation of the processes used in their existing business.
 

The Foundry in Transition through Digitization

63rd Austrian Foundry Conference in Schladming from April 11th-12th
 

ITC tank farm fire reignites: Update 2

A fire reginited today at Intercontinental Terminals' (ITC) storage facility in Deer Park, Texas.
 

Delrey to acquire vanadium property in Newfoundland

Delrey Metals (CSE: DLRY) signed a non-binding term sheet this week with respect to the right and option to acquire an 80% interest to certain mineral licences that comprise the Four Corners project in western Newfoundland, Canada.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners