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OPEC Secretary-General Haitham Al Ghais: Oil industry faces $17.4 trillion investment demand
SHANA (Tehran) – OPEC Secretary-General Haitham Al Ghais visited Tehran on Wednesday, February 5, marking a significant step in strengthening cooperation between the Organization of the Petroleum Exporting Countries (OPEC) and Iran, a key member state.
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US net crude oil imports to fall by 20% in 2025 to lowest since 1971, EIA says
SHANA (Tehran) – US net crude oil imports are forecast to fall by 20% next year to 1.9 million barrels per day, their lowest since 1971, the Energy Information Administration said, pointing to higher US production and lower refinery demand.
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189th Meeting of OPEC Conference
SHANA (Tehran) – The 189th (Ordinary) Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) convened via videoconference on December 10, 2024.
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189th Meeting of OPEC Conference concludes
SHANA (Tehran) – The 189th (Ordinary) Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) convened today, December 10, 2024, under the Chairmanship of its President, Marcel Abeke, Minister of Petroleum of the Gabonese Republic and Head of its Delegation.
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Declaration of Cooperation between OPEC, non-OPEC hits eight years
SHANA (Tehran) – The Declaration of Cooperation between OPEC member countries and non-OPEC oil-producing countries has turned eight on Tuesday, according to a press release by OPEC.
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GECF’s role in boosting natural gas in global market
SHANA (Tehran) – The Gas Exporting Countries Forum (GECF) plays a crucial role in enhancing international relations between producers and consumers, fostering constructive cooperation, and increasing the prominence of natural gas in the global energy market, according to the president of the 26th GECF Ministerial Meeting.
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Paknejad: Iran’s annual natural gas production stands at 275bcm
SHANA (Tehran) – Iran's Oil Minister Mohsen Paknejad opened the 26th Gas Exporting Countries Forum (GECF) Ministerial Meeting in Tehran, emphasizing the importance of cooperation in the global energy sector, adding that the country’s annual natural gas production stands at 275 billion cubic meters.
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38th OPEC and non-OPEC Ministerial Meeting
SHANA (Tehran) - The 38th OPEC and non-OPEC Ministerial Meeting was held via videoconference in Vienna, Austria on December 5, 2024.
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Virtual meeting held on sidelines of 38th OPEC+ Meeting
SHANA (Tehran) - OPEC plus countries Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, which previously announced additional voluntary adjustments in April 2023 and November 2023 held a virtual meeting on the sideline of the 38th OPEC and non-OPEC Ministerial Meeting (ONOMM).
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38th OPEC+ Ministerial Meeting Concludes
SHANA (Tehran) - In light of the continued commitment of the OPEC and non-OPEC Participating Countries in the Declaration of Cooperation (DoC) to achieve and sustain a stable oil market, and to provide long-term guidance and transparency for the market, and in line with the approach of being precautious, proactive, and pre-emptive, which has been consistently adopted by OPEC and non-OPEC Participating Countries in the Declaration of Cooperation, the Participating Countries decided to:
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OPEC and Russia highlight the importance of oil and energy markets stability
SHANA (Tehran) -The Organization of the Petroleum Exporting Countries (OPEC) and the Russian Federation held the Ninth High-level Meeting of the OPEC-Russia Energy Dialogue today, 22 November 2024, in Moscow, the Russian Federation.
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African States Welcome Collaboration with Iran on Oil, Gas Projects
SHANA (Tehran) -- The ambassadors of Uganda, Kenya, Senegal and Burkina Faso in Tehran discussed the updates about their countries in the energy field, expressing their readiness to collaborate with Iran in the "Perspective of Oil and Gas Industry in Africa" meeting.
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Cuban Companies Keen on Signing Energy Contracts With Iran: Envoy
SHANA (Tehran) -- The ambassador of the Republic of Cuba to the Islamic republic of Iran said on Wednesday that “We are trying to pave the ground for the investment of Iranian companies in the field of oil and gas in Cuba.”