Shana

Owji: OPEC+ decisions put oil market on right track

SHANA (Tehran) – Iran’s Oil Minister Javad Owji here on Wednesday said decisions made by OPEC+ have put the oil market on the right track.

Iran, Russia sign 10 MoUs, agreements on oil cooperation

SHANA (Tehran) – Iran and Russia on Wednesday signed 10 documents, comprising six memorandums of ‎‎understanding (MoUs), two contracts, one agreement and a roadmap, on cooperation in oil industry. ‎

28 Russian firms attend Iran Oil Show 2023

SHANA (Tehran) – Twenty-eight Russian companies have taken part in the 27th Iran International Oil, Gas, ‎Refining and ‎Petrochemical Exhibition, also ‎known as Iran Oil Show 2023, and will hold talks with Iranian exporters and economic experts on the development of trade and industrial ties.

First VP visits Iran Oil Show, underlines homegrown know-how

SHANA (Tehran) – Iran’s first vice president paid a visit to the 27th Iran ‎International Oil, Gas, ‎Refining and ‎Petrochemical Exhibition, aka Iran Oil Show ‎‎2023, on Wednesday.

Strong foreign presence in Iran Oil Show ‎‎2023 proof of govt. effective energy diplomacy: Minister ‎

SHANA (Tehran) – Iran’s oil minister said the participation of 200 foreign companies in the 27th Iran ‎International Oil, Gas, ‎Refining and ‎Petrochemical Exhibition, also known as Iran Oil Show ‎‎2023, is ‎indicative of the effective promotion of energy diplomacy by the incumbent administration. ‎

Raeisi says his administration has inherited widespread energy imbalances

SHANA (Tehran) – The 13th (incumbent) administration has inherited widespread imbalances in energy area including power, gas and gasoline sectors, Iran’s President Seyyed Ebrahim Raeisi said here on Tuesday.

Iran Oil Show 2023 kicks off in Tehran ‎

SHANA (Tehran) – The 27th Iran International Oil, Gas, ‎Refining and ‎Petrochemical Exhibition, also ‎known as Iran Oil Show 2023, kicked off in a ceremony in the ‎Iranian capital Tehran on Wednesday.‎

Iran’s IIES says meetings planned with Russian institution to develop oil cooperation roadmap ‎

SHANA (Tehran) – Iran's Institute of International Energy Studies (IIES) and the Roscongress Foundation ‎will hold three expert meetings on Wednesday to take the first step of conducting joint research and ‎studies for drawing up a roadmap for expanding oil cooperation between the two countries in line with ‎their common interests.‎

In the presence of Owji, Novak:

Iran, Russia delegations discuss cooperation in energy sector

SHANA (Tehran) – Tehran and Moscow discussed their cooperation in the energy sector in the presence of Iran’s Oil Minister Javad Owji and Russia’s Deputy Prime Minister Alexander Novak here on Tuesday.

Iran, Russia considering setting up energy consortium: Adviser ‎

SHANA (Tehran) – Iran and Russia are considering a proposal to set up an energy ‎consortium comprising the two countries’ companies to improve production from ‎their oil and gas resources, said an adviser to the Iranian oil minister.‎

RIPI head: Iran-Russia research cooperation possible

SHANA (Tehran) – Iran’s Research Institute of Petroleum Industry (RIPI) head on Tuesday said there is a practical possibility for cooperating regularly and effectively with Russian companies in research projects.

Oil prices sink as economic concerns continue to dominate markets

Crude oil started trade this week with a decline, based on Asian trade data from earlier in the day, as traders’ worry about the state of the global economy trumped any expectations of tight supply.

NIOC CEO unveils 16 new exploration blocks

SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director on Sunday unveiled 16 new exploration blocks.

OPEC holds global oil demand view steady, cites U.S. debt ceiling risks

OPEC's global oil demand forecast for 2023 was held steady for a third month, with the producer group citing the potential Chinese growth to be offset by downside economic risks elsewhere such as the U.S. debt ceiling.

MP hails Oil Ministry’s energy diplomacy promotion, sustainable gas supply

SHANA (Tehran) – The Iranian Parliament’s Plan and Budget Committee spokesman on Sunday lauded the incumbent Oil Ministry’s “successful” record in promoting energy diplomacy despite U.S. sanctions and supplying gas sustainably.

Forouzandeh: Over 200 foreign companies to attend Iran Oil Show

SHANA (Tehran) – More than 200 foreign companies from 13 countries will participate in the 27th Iran International Oil, Gas, Refining and Petrochemical Exhibition, aka Iran Oil Show 2023, the Ministry of Petroleum’s public relations director announced here on Saturday.

MP: Owji’s Iraq visit shows govt. will to promote energy diplomacy

SHANA (Tehran) – An Iranian lawmaker on Saturday said the visit Oil Minister Javad Owji paid to Iraq signals the government’s determination to develop energy diplomacy in the region.

Owji: Tehran, Baghdad agree to extend Iran gas export contracts for five years

SHANA (Baghdad) – Iranian Oil Minister Javad Owji said Tehran and Baghdad have agreed to extend the contracts on Iran’s gas exports.

Iran, Iraq oil ministers sign MoU

SHANA (Baghdad) – Iran’s Oil Minister Javad Owji and his Iraqi counterpart Hayan Abdel-Ghani here on Wednesday signed a memorandum of understanding (MoU).

Iran-Iraq Joint Supreme Committee meets ahead of Owji’s Baghdad visit

SHANA (Tehran) – Iran-Iraq Joint Supreme Committee held a meeting on Tuesday to discuss the expansion of bilateral ties in the oil sector.

OPEC+ cuts aimed at balancing oil market, UAE energy minister says

The additional voluntary output cuts announced by the OPEC+ alliance of 23 oil producers in April are aimed at balancing the oil market, the UAE's minister of energy and infrastructure said.

Owji at HSE meeting:

Accidents in oil industry down 35% over 15 years

SHANA (Tehran) – Iran’s oil minister on Tuesday said accidents in the oil industry have been reduced 35 percent during the past 15 years.

NIOC head: Iran oil output up 600,000 bpd under incumbent administration

SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director on Monday said the country’s crude oil production has been increased by 600,000 barrels per day (bpd) under the 13th (incumbent) administration.

Saudi Arabia cuts June crude prices for Asia

Saudi Arabia, the world's top oil exporter, has cut the price of its June flagship crude to Asian buyers for the first time in four months, following a plunge in refining margins.

Deputy PM: Russia sticking to its oil output cuts

Deputy Prime Minister Alexander Novak said Russia was abiding by its voluntary pledge to cut oil output by 500,000 barrels per day (bpd) from February until the end of the year.

At opening ceremony of Iran Expo 2023:

President lauds ‘considerable’ achievements in petrochemical industry

SHANA (Tehran) – Iran’s president on Sunday praised the “considerable” achievements in the country’s petrochemical, steel, and other industries.

Iran, Syria sign MoU, outline roadmap for cooperation in oil industry

SHANA (Tehran) – Iran and Syria signed a memorandum of understanding (MoU) and outlined a roadmap for cooperating in oil, gas, refining, and petrochemical sectors.

NIOC head says Iran oil exports have doubled under incumbent administration

SHANA (Tehran) – The managing director of the National Iranian Oil Company (NIOC) said the country’s oil and gas condensate exports have doubled since the 13th (Raeisi) administration took office.

NIORDC head: Shahid Soleimani Refinery-Integrated Petrochemical Plant project to start this spring

SHANA (Tehran) – The National Iranian Oil Refining and Distribution Company (NIORDC) managing director on Saturday said the operations of Shahid Soleimani Refinery-Integrated Petrochemical Plant project will begin this spring.

President: Iran ready to share oil industry achievements with Syria

SHANA (Tehran) – Iran’s president on Thursday voiced his country’s readiness to share its achievements in energy, oil, gas, petrochemical, electricity, scientific, and technological sectors with Syria.