National Iranian Oil Company
TEHRAN Mar 11 (Shana): Petroleum Minister Bijan Namdar Zanganeh is accompanying President Hassan Rouhani during his official visit to Oman.
Rouhani is travelling to Oman on Wednesday. Zanganeh and his Omani counterpart are to discuss oil cooperation.
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TEHRAN TIMES: An Omani economic expert stressed that Irans re-entry into the oil market and the lifting of sanctions imposed on it would have a significant impact on the world oil market.
Dr. Juma bin Saleh Al-Ghailani told Kuwait News Agency (KUNA) that Iran is a founding member in the Organization of Petroleum Exporting Countries (OPEC) and has a large oil reserve estimated at nearly 160 billion barrels, in addition to it Iran being one of the pillars of the (OPEC ) in the oil market.
TEHRAN Mar 11 (Shana): Successful implementation of targeting subsidies law will push investments towards downstream industries, NPC official said.
Speaking to Shana, Mohammad Hassan Payvandi, deputy managing director of National Petrochemical Company (NPC), said that implementation of the second phase of targeting subsidies law not only will provide a good opportunity for pushing investments towards downstream activities but will pave the way for economic development.