"Under No Circumstances Will The Iranian Oil Industry Surrender”

"Under No Circumstances Will The Iranian Oil Industry Surrender”

"The Iranian oil industry will not surrender under any circumstances," said Bijen Namdar Zengene, Iran's Oil Minister. A deal was signed between the Iranian Oil Ministry and the Iranian company Persia, state television reported. Minister Zengene delivered a speech at the signing ceremony of the agreement aimed at developing the Yaran oil region in Khuzestan province on the border with Iraq. "Today is a good day for the Iranian oil industry. We signed an agreement for the development of a joint oil zone on the border." said. "The Iranian oil industry will not surrender under any circumstances," Zengene said, noting that oil production is low due to U.S. sanctions. ” "Capacity is a strategic issue in the oil industry," said Zengene the need to increase oil production capacity is low because of sanctions."