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

Oil  Sanctions  US  Mohammad Reza Rezaei Kouchi  gas 


Leave a Comment:


Official: Afghanistan Continues Oil Imports from Iran

A spokesman of the Afghan ministry of oil and gas rejected media reports claiming that the country has stopped crude imports from Iran.

Turkey Complies With US Oil Sanctions on Iran

Turkey has closed its ports to Iranian oil, fully complying with US sanctions against its main supplier, despite Ankara publicly criticizing the United States’ move to end import waivers and warning of a struggle to tap alternative producers.

US Buying More Russia Oil

The United States is increasing its oil imports from Russia, according to a Bloomberg source, as US refineries clamor for more oil now that refineries oil supplies have dried up.

Pakistan: Domestic Steel Prices Shoot Up Amid Currency Devaluation

SteelMint learned in recent conversations with industry participants that Pakistan’s steel market has turned uncertain after its currency hit record low levels.

Imported HRC Prices to India Decline in Recent Booking from Japan

SteelMint in conversation with market participants learned that Indian HRC import prices from Japan reported decline by USD 15-20/MT in recent booking for July shipments.

China’s Graphite Electrodes Industry Performance in Q1 2019

It seems that the Graphite electrodes shortage that has cropped up in China in the latter of 2017 amid closure of polluting GE units seems to settle out as considerable surge have been recorded in country’s electrodes production as well as exports for the first quarter of 2019.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners