Iranian Minister of Petroleum Bijan Zangeneh said crude oil suppliers are content with the price of oil in the range of 55 to 60 dollars a barrel, adding the market is moving towards restoration of supply-demand balance.

National Iranian Oil Refining and Distribution Company’s (NIORDC) Director of CNG Stations, Amir Vakilzadeh, says Georgia can be the main route of Iran’s exports to European markets.

Managing Director of Iran’s oil terminals in the offshore energy exhibition and conference held in Amsterdam Netherlands 2016 introduced Investment Opportunities in operational areas for the company wishing to invest in this area.

By Tsvetana Paraskova

Two major Italian energy companies signed the long-term contracts with the National Iranian Oil Company (NIOC) to import Iran’s crude oil.

India used the ultra-low crude oil prices earlier this year to top its strategic petroleum reserves with oil at $19 a barrel, saving nearly US$700 million in the process, India’s Ministry of Petroleum and Natural Gas said on Monday