Shana

Saudi Arabia offers 1 mb/d voluntary cuts for July

2024 oil output for OPEC+ adjusted to 40.46 mb/d

Saudi Arabia will make deep production cuts in July as part of a broader output-limiting OPEC+ deal as the group faces flagging oil prices and a looming supply glut, Reuters reported on Sunday.

35th OPEC+ Ministerial Meeting begins in Vienna

SHANA (Vienna) – The 35th OPEC and Non-OPEC Ministerial Meeting (OPEC+) started here on Sunday.

OPEC+ latest: Ministers still negotiating over African quotas

OPEC+ talks in the Austrian capital Vienna dragged on as a fight with some African members kept an agreement on production from being concluded.

OPEC+ debating production quotas, new cut: Sources

OPEC and its allies meet today in the Austrian capital Vienna to debate a new deal possibly adjusting countries' output quotas and a further cut in production, sources told Reuters, as the group faces flagging oil prices and a looming supply glut.

Iran’s OPEC governor: ‘Everything is on the table’ in OPEC+ meeting

SHANA (Vienna) – Iran’s OPEC Governor Amir Hossein Zamaninia on Saturday said "everything is on the table" for OPEC+ to make its decision on production in the Vienna meeting.

Expert: Iran moving toward turning into gas hub in Middle East

SHANA (Tehran) – Iran is moving toward turning into a gas hub in the Middle East by resuming imports from Turkmenistan, said an energy market expert on Saturday.

OPEC+ begins meetings which may lead to further output cuts

OPEC and its allies begin two days of meetings on Saturday which may culminate in further production cuts of as much as 1 million barrels per day, OPEC+ sources told Reuters, as the organisation faces flagging oil prices and a looming supply glut.

OPEC+ discussing deepening oil production cuts, sources say

OPEC and its allies are discussing deepening oil production cuts, possibly by as much as 1 million barrels per day, three sources told Reuters on Friday as oil prices fell towards $70 per barrel and market analysts spoke of a new supply glut.

MP: Oil Ministry proves sanctions can be skirted by energy diplomacy

SHANA (Tehran) – Iran’s Oil Ministry has proved that sanctions can be circumvented by exercising energy diplomacy, said a lawmaker.

IIES chief: Iran most reliable market for Turkmen gas

SHANA (Tehran) – Iran is the most reliable market for Turkmenistan’s gas, said the head of Iran’s Institute for International Energy Studies (IIES) on Thursday.

Owji: Iran’s gas debt to Turkmenistan paid

SHANA (Tehran) – Iran’s Oil Minister Javad Owji on Wednesday said his country’s gas debt to Turkmenistan has been cleared.

Raeisi: Iran, Turkmenistan have great capacities for promoting energy cooperation

SHANA (Tehran) – Iran’s president on Tuesday said his country and Turkmenistan have great capacities for promoting their cooperation in the fields of energy, transport, transit and customs affairs, agriculture, and science and technology.

Oil minister: Iran to start importing Turkmen gas in June

SHANA (Tehran) – Iran’s oil minister on Tuesday said a gas contract will be signed with Turkmenistan soon and imports will begin in June.

Al Ghais says OPEC will welcome back Iran’s full return to market when sanctions lifted

OPEC Secretary General, His Excellency Haitham Al Ghais, said that the OPEC family welcomes back the full return of Iran’s oil production to the oil market, once the sanctions against its oil sector are lifted, HE Al Ghais was talking in an exclusive interview with the Iranian SHANA news agency and Iran Petroleum monthly.

Leader: Expansion of all-out ties to benefit both Iran, Oman

SHANA (Tehran) – Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei said on Monday expansion of relations between Iran and Oman will be beneficial for both sides.

Iran, Oman agree to conduct joint study on shared Hengam oil field

SHANA (Tehran) – Iran and Oman on Sunday signed an agreement on their joint study on shared Hengam oil field in the Strait of Hormuz, the Persian Gulf.

Raeisi: Iran-Oman ties promoted from trade to investment

SHANA (Tehran) – Iran’s President Seyyed Ebrahim Raeisi here on Sunday said Iran-Oman relations have been promoted from commercial stage to investment phase.

Iran, Oman sign energy cooperation document

SHANA (Tehran) – Iran and Oman here on Sunday signed a document on their cooperation in the energy sector.

Owji: Energy diplomacy helps boost exports

SHANA (Tehran) – Iran’s Oil Minister Javad Owji on Saturday said his ministry has managed to increase exports through exercising energy diplomacy.

Iran president meets OPEC chief

Raeisi calls for OPEC members’ unity to foil Western plot to create divisions

SHANA (Tehran) – Iran’s president held talks with the Organization of the Petroleum Exporting Countries secretary general here on Saturday, calling for unity among OPEC member states to foil some Western countries’ plot to create divisions.

OPEC chief arrives in Tehran to meet president, oil minister

SHANA (Tehran) – OPEC Secretary General Haitham Al Ghais arrived in Tehran on Friday to hold talks with President Seyyed Ebrahim Raeisi and Oil Minister Javad Owji.

NIOC chief says Iran will definitely produce oil, gas for next 100 years

SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director on Friday said the country, thanks to its present-day reserves, can produce oil and gas for the next 100 years.

NPC chief rolls out Iran petrochemical packages in foreign investment push

SHANA (Tehran) – Iran’s National Petrochemical Company (NPC) managing director said the country’s packages are ready for foreign investment.

Iran’s IGEDC attends Bashkortostan gas, oil expo

SHANA (Ufa) – The Iranian Gas Engineering and Development Company (IGEDC) has participated in an international gas and oil exhibition in Ufa, the capital of the Russian Republic of Bashkortostan.

Tajikistan calls for Iran to cooperate in oil, gas industry; Armenia says needs Iran expertise to build refinery

SHANA (Tehran) – Tajikistan’s ambassador on Wednesday said his country is keen to cooperate with Iran in the oil and gas industry.

Asadzadeh: Iran-Indonesia oil cooperation to be promoted

SHANA (Jakarta) – Iran’s deputy oil minister for international affairs and trade and Indonesia's minister of energy and mineral resources here on Monday discussed the promotion of bilateral cooperation in the oil and gas industry.

Economy minister: Iran-China energy agreements underway

SHANA (Tehran) – Iran’s Minister of Economic Affairs and Finance Seyyed Ehsan Khandouzi on Tuesday said all agreements, including energy deals, made between Tehran and Beijing have got underway.

Raeisi: Signed documents proof of Iran, Indonesia will to boost ties

SHANA (Jakarta) – Iran’s president here on Tuesday said the documents signed between Tehran and Jakarta show the two sides’ determination to expand their relations in all fields.

Iran, Indonesia sign documents on oil, gas cooperation

SHANA (Jakarta) – Iran and Indonesia signed documents on cooperation in oil and gas industry in the presence of the two countries’ presidents here on Tuesday.

OPEC chief says underinvestment could trigger oil market volatility

OPEC Secretary-General Haitham Al Ghais said on Monday that underinvesting in the oil and gas sector could cause market volatility in the long term and imperil growth.