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Latest oil minister Stories

2009-04-24 15:13:43

Iraqi's oil minister is visiting Tehran for three days of talks on how the neighboring countries can develop oil fields that lie under both countries. The talks between Oil Minister Hussein Shahristani and his Iranian counterparts will focus on areas of bilateral exploration and development of shared oil fields and joint investment in refineries, Azzaman reported Friday. Shahristani is also seeking cooperation with Kuwait and Saudi Arabia, with which it alos shares oil fields, in part to...

2008-12-16 14:02:31

Saudi Arabia's oil minister said Tuesday that the Organization of Petroleum Exporting Countries would cut production by 2 million barrels a day. Supply is somewhat in excess of demand. Inventories are also higher than normal, Ali al-Naimi, the Saudi minister, said as he arrived in Algeria for the OPEC meeting which begins Wednesday, The New York Times reported. To bring things in balance there will be a cut in production of about 2 million barrels, he said. OPEC has also appealed to oil...

2008-10-27 12:00:25

VIENNA, Austria, Oct. 27 /PRNewswire/ -- If there were such a thing as a process server's academy award, Freedom Watch Chairman and Chief Legal Counsel Larry Klayman most likely would be nominated for one. ( http://www.freedomwatchusa.org/ ). After thwarted by OPEC security from serving his complaint charging the cartel with illegal price fixing, market division and collusion in agreeing to lower oil production, Klayman sprang out from a line of TV press to serve a complaint on an...

2008-09-14 18:00:21

Text of report by Iranian conservative, privately-owned Fars News Agency website Tehran, 14 September: According to a report by the political correspondent of Fars, on the sidelines of the cabinet meeting today, the oil minister Gholamhoseyn Nowzari, talked to reporters and in response to a question regarding the Crescent [gas deal between Iran and the UAE-based Crescent Company] deal, he said: The purpose behind the new negotiations is to amend the contract with regards to the price of gas...

2008-08-29 12:01:12

Text of report in English by Iranian official government news agency IRNA website Tehran, 29 August: Iran's Oil Minister here Friday [29 August] considered the Iranian oil industries' greatest challenge in recent years the provision of parts, reiterating that we turned it to an opportunity, manufacturing what we needed in Iran. Gholamhoseyn Nowzari further reiterated in an interview with IRNA Economic Desk, "During the past three years the most important goods and spare parts required by...

2008-08-04 12:01:17

Text of report entitled: "Oil minister - If Statoil intends to withdraw, it should officially announce this" published in Persian daily Aftab-e Yazd website on 3 August 2008 A day after Western media reported that the Norwegian firm Statoil had decided to withdraw from certain oil projects in Iran and some media attributed this to American pressure, the Oil Minister said he was not informed of Statoil's decision to withdraw and said "media reports are not official. The Oil Ministry has to...

2008-08-03 12:00:29

Text of report by Iranian daily newspaper Farhang-e Ashti website on 27 July Nowzari announced that petrol, diesel oil and fuel oil will be supplied at free-market rates on daily basis and natural gas and kerosene will be semi-subsidised. In an interview with Borna, Oil Minister Gholamhoseyn Nowzari spoke about the target-oriented subsidies plan and said that the Oil Ministry was responsible to supply the country's energy. He added: "According to our duty, defined for us by the government,...

2008-07-15 12:00:53

Text of unattributed report headlined: "Ex-deputy of the oil minister on Peace pipeline contract: Warning against selling gas cheap" published by Iranian newspaper Mardom Salari on 5 July The insistence of Iranian officials in convincing India and Pakistan to sign the contract of the gas pipeline despite the opposition of the Western countries has imposed considerable cost on our country. The ex-deputy of the oil minister estimated this cost to be between 3.2 to 7 m dollars per each...

2008-07-14 09:01:02

Iran discovers new billion barrel oil field in southwest: oil minister TEHRAN, July 13 (Xinhua) -- Iranian Oil Minister Gholam Hossein Nozari said on Sunday that Iran has discovered a new oil field in the southwest province of Khuzestan with in-place reserves of 1.1 billion barrels. The field, which is located near Andimeshk in Khuzestan, holds an estimated reserve of 233 million barrels of recoverable crude oil, state television quoted Nozari as saying. The oil discovered in the new...

2008-07-07 09:00:56

Saudi oil minister says oil remains essential for future energy needs MADRID, July 3 (Xinhua) -- Oil remains essential to meet expanding energy needs in the foreseeable future, unchallenged by alternatives which are getting popular amid record high oil prices, Saudi Oil Minister Ali Naimi said on Thursday. "Oil will continue to be an essential part of global energy mix for many years to come," Naimi told delegates who were wrapping up a five-day World Petroleum Congress. The biggest...


Word of the Day
mundungus
  • A stinking tobacco.
  • Offal; waste animal product; organic matter unfit for consumption.
This word comes from the Spanish 'mondongo,' tripe, entrails.