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31st OPEC+ Ministerial Meeting Concludes
TEHRAN (Shana) -- The 31st OPEC and non-OPEC Ministerial Meeting was held via video conference on Wednesday, August 3, 2022, under the chairmanship of Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman, and Co-Chair Deputy Prime Minister of the Russian Federation, Alexander Novak.
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OPEC+ Agrees to Raise Output by 100,000 bpd for September
TEHRAN (Shana) – The Organization of the Petroleum Exporting Countries (OPEC) and its allies, OPEC+ coalition, agreed on Wednesday to increase crude oil output by 100,000 barrels per day in September.
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Owji: Iran Will Continue Constructive Interactions with OPEC
TEHRAN (Shana) -- Iran, as a founding member of OPEC, would definitely continue its constructive interaction with the OPEC and would effectively support our new Secretary General as well as the OPEC Secretariat, Iranian Petroleum Minister said on Wednesday.
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MOP Keen on Developing Joint Fields: Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said his ministry and the National Iranian Oil Company (NIOC) has been seriously pursuing developing of joint fields over the course of the past 11 months.
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16th Meeting of the Iran-Russia Commission to be held in Autumn
TEHRAN (Shana) -- The deputy petroleum minister for international affairs and trade announced that the 16th meeting of the joint commission of Iran and Russia would be held in October or November in Moscow.
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Iran 4-month Gas Export Income at $4bn
Iranian Minister of Petroleum Javad Owji said the country’s gas export income amounted to $4 billion dollars in the first 4 months of the current calendar year, which began on March 21, which is equals to the figure for all of last year.
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Iran Gas Output to Jump 150mcm/d with Russian Support
TEHRAN (Shana) – A senior official with the National Iranian Oil Company (NIOC) says Iran’s natural gas production capacity would see a 150-mcm/d rise with the development of Kish and North Pars gas fields which have been covered in a recent memorandum of understanding between NIOC and Russia’s Gazprom.
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Iran sees 580% Growth in 4-Month Oil Income
TEHRAN (Shana) -- The Iranian Minister of Economic Affairs and Finance announced that Iran’s revenue collection has increased by 580% from the sale of oil and gas condensates in the first 4 months of the current calendar year, which began on March 21.
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Oil, Most Attractive Area of Investment in Iran: Expert
TEHRAN (Shana) -- An expert in energy economics considered the oil industry to be the most attractive area of investment in Iran, and said: “We hope that the agreement with Russia will reach the stage of signing favorable contracts for the country, but we should look for other interested investors to be present in Iran with active energy diplomacy.”
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CEO Speaks of Untold details about $40 bn Deal with Russia
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said a contract for the development of 7 oil fields worth 4 billion dollars has been signed with Russian companies and it is progressing despite the sanctions.
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Hot season Starts for Iran-Russia Relations
TEHRAN (Shana) -- The National Iranian Oil Company (NIOC) and Russia's Gazprom signed a memorandum of understanding worth about 40 billion dollars on Tuesday; a deal that has sparked much reaction from supporters and opponents.
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Syria’s territorial integrity is crucial and a military attack on Syria is harmful to Turkey and the region
TEHRAN (Shana) -- Recep Tayyip Erdogan, the President of Turkey, and his accompanying delegation met with Imam Khamenei on July 19, 2022. President Raisi was also present at the meeting. Speaking at the meeting, the Leader of the Islamic Revolution stressed the necessity to increase cooperation between the two countries, particularly in financial areas. He described the Zionist regime as being the main element in creating discord between Islamic countries.
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Russia's Putin Arrives in Tehran for Syria Summit
TEHRAN (Shana) -- Russian President Vladimir Putin has arrived in Iran for a summit with his Iranian and Turkish counterparts on the Syrian conflict.
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Tehran, Ankara Vow to Expand Trade
TEHRAN (Shana) -- Tehran was the focus of attention on Tuesday. It hosted two presidents, Recep Tayyip Erdogan of Turkey and Vladimir Putin of Russia.
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Dollar must be Removed from Global Transactions
TEHRAN (Shana) -- Vladimir Putin, the President of Russia, and his entourage met with Imam Khamenei, the Leader of the Islamic Revolution, this afternoon, July 19, 2022. Speaking at the meeting, in which President Raisi was also present, the Leader stressed the need to implement the agreements between the two countries. He also highlighted the need for vigilance in the face of the deceptive policies of the West. Furthermore, he stated, “The long-term agreements between Iran and Russia are deeply beneficial to both countries.”
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Continuation of Development Process of Tehran-Moscow Strategic Ties Stressed
TEHRAN (Shana) -- The latest state of bilateral relations between the Islamic Republic of Iran and the Russian Federation was discussed in the meeting of the presidents of the two countries, and the development of relations between the two countries in various fields was emphasised.
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Presidents of Iran, Russia and Turkey Address Joint Press Conference
TEHRAN (Shana) – Iranian President Ebrahim Raisi said, "In the meeting of the heads of the countries that are the guarantors of the Astana Process, it was emphasised that "the presence of the Americans in Syria under any pretext is not good and they should leave this region", "any action that leads to the violation of Syrian sovereignty should be avoided" and "The attacks of the Zionist Regime on Syria are a violation of the sovereignty of this country and against international laws."
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NIOC cements Largest FDI Deal with Gazprom
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said the memorandum of understanding with Gazprom is one of the biggest foreign direct investment deals in the history of Iran's oil industry, and said: The National Iranian Oil Company does not ignore any investment opportunity.”
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Iran, Russia Key in Ensuring Global Energy Security: CEO
TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) stressed the role of Iran and Russia in the stability of energy supply in the world.
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Owji welcomes Turkish President in Tehran
TEHRAN (Shana) -- The Turkish president arrived in Tehran on Monday evening at the head of a high-ranking delegation of political and economic officials to be welcomed by the Iranian Minister of Petroleum, Javad Owji.
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Iran Raises August Crude Price for Asian Buyers
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has increased the official selling price of all types of crude oil for export to Asian customers in August.
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NIOC, Gazprom strike $40b MoU
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) and Russia's Gazprom signed a memorandum of understanding worth roughly 40 billion dollars.
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South Pars 9th Refinery Yields 7 mb of Gas Condensate in Q1
TEHRAN (Shana) -- The head of operation at the 9th refinery of South Pars gas complex (phase 12) said the refinery has produced more than 7.517 million barrels of gas condensate since the beginning of the current calendar year, which began on March 21 year to the end of June 21.
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Shifting Geopolitics of Energy: A New World Energy Order
TEHRAN (Shana) -- Whatever the outcome of war in Ukraine, one thing is for sure. The economic reverberations will be felt and in fact is already affecting the global economy by everyone and in all countries for years to come as the world divides between the West and rapidly reshaping Eurasia. The tectonic shifts and fractures in the world and how sanctions against Russia are likely to reshape and redefine a set of new global geopolitical realities.
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Intelligent action or Political game
TEHRAN (Shana) -- As tensions between Russia and Ukraine escalate, the world is worried about possible spillover of concomitant instability. Uncertainty after the covid-19-induced two-year damage on the global economy has confused the world. The natural gas market is a particular and the most important channel for transmitting these impacts.The disruption of Russian natural gas exports to Europe and the winter ahead is one of the concerns of the energy market in the short-term.Europe is seriously looking forward to replacing Russia natural gas imports withthe REPowerEU plan.
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Noori Petchem Plant Operating at 103% of Nominal Capacity
TEHRAN (Shana) – The CEO of Noori Petrochemical Company said the output of the complex was 103% of its nominal capacity in the previous Iranian calendar year which ended on March 20, adding the plant is operating 18% better that the average of the country’s petrochemical facilities.
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IOOC Begins Repairing Generator at Salman Offshore Field
TEHRAN (Shana) – The Iranian Offshore Oil Company (IOOC) has started maintaining and repairing operation of Generator D of Salman Offshore Complex at Lavan Operational District.
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NIOC Ready to Maximize Oil Output: Official
TEHRAN (Shana) -- The National Iranian Oil Company is ready to restore production to the maximum possible figure, said the director of monitoring oil and gas production of the National Iranian Oil Company.
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Iran Oil Minister Condoles Nigerian Over Death of OPEC Sec. Gen.
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji sent a letter of condolence to the Nigerian ministry of petroleum resources to express his sorrow over the passing away of HE Mohammad Sanusi Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), who died on Tuesday evening.
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Iran OPEC Boss sends Letter of Condolence on Death of Sec. Gen.
TEHRAN (Shana) – Iran’s OPEC Governor Amirhossein Zamaninia sent a letter of condolence to Dr Adedapo Odulaja, Governor of OPEC for Nigeria, to express his condolences to the late OPEC Secretary General Mohamad Sanusi Barkindo who passed away on Tuesday.