UP

Iran will develop the oil industry despite US sanctions

Home page World
12 Punto 14 Punto 16 Punto 18 Punto
Iran will develop the oil industry despite US sanctions

Iran is determined to develop its oil industry in spite of U.S. sanctions imposed on the country.

Axar.az reports Iranian media that 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.

Date
2020.07.11 / 14:56
Author
Axar.az
See also

Journalist alleges abuse of women protesters in Iran

Ukraine says bilateral security agreement with US ready

US and Israeli warships hold joint Red Sea exercises

UK expels Russian diplomat in retaliation

US-Iran officials will meet in Istanbul

Hungary sues EU over Russian energy ban

Iran rules out transfer of enriched uranium abroad

UK imposes new sanctions on Iran

Ukraine faces Air Defense missile shortages

British serial killer pleads guilty to 1999 murder

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla