Arab Today, arab today iran wants share in global crude oil market
Last Updated : GMT 01:44:06
Arab Today, arab today
Arab Today, arab today

Iran wants share in global crude oil market

Arab Today, arab today

Arab Today, arab today Iran wants share in global crude oil market

Crude oil market
Tehran - XINHUA

Iran's oil minister pledged to regain the country's share in world crude market, as Iran opened its international oil exhibition in the capital of Tehran on Wednesday to attract investment in its energy sector.

"Oil producing countries should open space in the global market for Iran to regain its share of the crude oil exports," Iran's Oil Minister Bijan Zangeneh said Wednesday on the sidelines of the exhibition.

The world oil market is for all and the crude producing countries should consider Iran's entry into the market since Iran's oil exports have dropped by 60 percent because of "unfair sanctions," he added.

Iran is determined to increase its oil output once sanctions were lifted as a result of a much anticipated potential deal that Iran and world powers are striving to reach, Iran's First Vice President Es'haq Jahangiri also said Wednesday on the sidelines of the exhibition.

In addition, Iran will become a gasoline exporter after its Persian Gulf Star Refinery starts production, Jahangiri was quoted as saying by Press TV.

According to Press TV, Iran is building the Persian Gulf Star Refinery in Assalouyeh at an estimated cost of 2.5 billion euros (2.84 billion U.S. dollars). The plant is expected to produce 360,000 barrels per day of gas condensates on top of jet fuel and other products.

Hundreds of energy companies from 29 countries, including Iranian firms, have participated in the 20th International Oil, Gas, Refining and Petrochemical Exhibition, according to organizers.

Iran's economy relies partially on oil exports. In addition to the losses due to declining oil prices, Iran's crude exports have fallen 60 percent over the past years, reaching one million barrels per day, due to Western sanctions on its energy and financial sectors.

Iran has criticized a few oil exporting countries for flooding the market with crude products.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today iran wants share in global crude oil market Arab Today, arab today iran wants share in global crude oil market

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today iran wants share in global crude oil market Arab Today, arab today iran wants share in global crude oil market

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday