Jan 3, 2016, 3:22 PM
News Code: 81905248
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Minister: Iran not seeking to sabotage global oil market

Tehran, Jan 3, IRNA – Oil Minister Bijan Namdar Zangeneh said Iran was not seeking to sabotage oil market.

He made the remarks while talking to reporters on the sidelines of a ceremony in which oil ministry signed a letter of cooperation with ministry of sciences, research and technology in lower-hand oil industries.

He said a plan has been presented to the cabinet for consideration on branding oil products and classifying gas stations.

However, the minister noted, the proposed plan has nothing to do with any scheme to raise gas prices or offering multiple prices for it.

The minister went on to explain that branding gas products and classifying gas stations will make it easier to offer better services for customers in return for the very insignificant extra price they will have to pay.

Answering IRNA question regarding the fate of North Azadegan oil field which was to go for a Chinese contract, Zangeneh said China has to offer the proposed plan to the oil ministry for consideration.

Operator of the South Azadegan development project has already said drilling of 20 new wells at the oilfield has been put out to tender which will be held within the next few weeks.

Mahmoud Marashi told Shana News Agency that the tender will be nationwide and all Iranian drillers may jockey for winning the tender.

He said 200 km of wells have so far been spudded in South Azadegan, adding that by 2017 Iran is expected to boost early production from the field which it shares with neighboring Iraq.