OPEC
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OPEC+ Meeting
TEHRAN (Shana) -- The meeting of the oil and energy ministers of OPEC+ countries was held on Thursday, May 5, via videoconference. The group decided to raise production targets by 432,000 barrels per day for next month, sticking to an existing strategy of gradually unwinding record supply cuts.
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28th OPEC and non-OPEC Ministerial Meeting
TEHRAN (Shana) -- Following the conclusion of the 28th OPEC and non-OPEC Ministerial Meeting, held via videoconference on 5th May, it was noted that continuing oil market fundamentals and the consensus on the outlook pointed to a balanced market. It further noted the continuing effects of geopolitical factors and issues related to the ongoing pandemic.
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OPEC+ Sticks to Output Growth Plan for June
TEHRAN (Shana) -- The 23 members of the Organization of THE Petroleum Exporting Countries and its allies (OPEC+) agreed at their 28th meeting to add 432,000 barrels to the group’s daily crude oil output in June.
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Iran Gas Industry, Dormant Giant: Expert
TEHRAN (Shana) – A senior expert in energy economics says that the world looks at Iran's gas industry as a dormant giant and is aware of its capabilities in the field of gas and oil. "Good management and governance in the energy sector always requires avoiding haste," he said.
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Iran's Crude Oil Production Capacity at Pre-Sanctions Levels: Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said the current capacity of oil production in Iran has exceeded 3.8 million barrels per day, reaching the pre-sanctions levels.
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Iran Ready to Ramp up Output ASAP
TEHRAN (Shana) -- Iranian Minister of Petroleum Javad Owji said the country would readily enhance its crude oil output to help stabilize the global market.
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OPEC+ Agrees to Ramp up Output by 400k bpd in April
TEHRAN (Shana) -- The 23 member states of the Organization of the Petroleum Exporting Countries and its allies, the OPEC+ coalition, agreed at their 26th meeting to increase production by 400,000 barrels per day in April.
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26th OPEC+ Meeting Begins
TEHRAN (Shana) -- The 26th meeting of the oil and energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (a Coalition called OPEC+) began a few minutes ago via videoconference.
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OPEC+ Agrees to Boost Output by 0.4 mbd in March
TEHRAN (Shana) -- The 23-member states of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (a coalition called OPEC+) agreed at their 25th meeting to increase the group’s crude oil output by 400,000 barrels per day in March.
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OPEC+ Sticks to Production Policy for February 2022
TEHRAN (Shana) -- The 23 member states of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+ Coalition) agreed at their 24th meeting to boost the group’s output by 400,000 barrels per day in February 2022.
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24th OPEC+ Meetings Begins
TEHRAN (Shana) -- The 24th meeting of the oil and energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (a coalition called OPEC+) began minutes ago vial videoconference.
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New OPEC Sec. Gen.: I Represent All Member Countries
TEHRAN (Shana) – the newly-elected secretary general of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, delivered his first address to the organization, expressing hope to please and represent all member countries.
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OWJI: OPEC Sec. Gen. Elected via Consensus
TEHRAN (Shana) – Iranian Minister of Petroleum, Javad Owji, said on Monday that OPEC’s new secretary general was elected via consensus.
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Special Meeting of the OPEC Conference
TEHRAN (SHANA) -- A Special Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held via videoconference on Monday, 3 January 2022, under the Chairmanship of its President, HE Bruno Jean-Richard Itoua, Congo's Minister of Hydrocarbons and Head of its Delegation.
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Iranian Petroleum Minister Addresses OPEC Special Meeting
TEHRAN (Shana) – Iranian Minister of Petroleum, Javad Owji, delivered a speech at the Special Meeting of the Organization of the Petroleum Exporting Countries held via video conference on January 3, 2022.
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Haitham al-Ghais Elected as 24th OPEC Secretary General
TEHRAN (Shana) -- Haitham al-Ghais, Kuwait’s former OPEC governor, has been elected the organization's 24th Secretary General.
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OPEC Convenes to Elect New Sec. Gen.
TEHRAN (Shana) -- The special meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) began a few minutes ago with the aim of electing a new Secretary General for the Organization.
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Iran-Venezuela Oil Cooperation Must Take A New Form: President
TEHRAN (Shana) -- "Iran-Venezuela oil cooperation must take a new form and we need to take further steps in the field of refining and petrochemical resources," Iranian President Ebrahim Raisi said.
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23rd OPEC+ Meeting Opens
TEHRAN (Shana) -- The 23rd meeting of the oil and energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) began a few minutes ago via videoconference.
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Owji: OPEC’s New Secretary General to be Elected by Next Month
TEHRAN (SHANA) – The new secretary general of the Organization of the Petroleum Exporting Countries (OPEC) will be elected by next month, Iranian Minister of Petroleum, Javad Owji, said on Wednesday after the 182nd Meeting of the OPEC Conference.
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OPEC Conference President Addresses Opening of 182nd Meeting
TEHRAN (Shana) -- Diamantino Pedro Azevedo, Angola’s Minister of Mineral Resources and Petroleum and President of the OPEC Conference, delivered his opening speech at the 182nd Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) held via video conference on Wednesday December 1, 2021.
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182nd OPEC Meeting Kicks Off
TEHRAN (Shana) -- The 182nd meeting of the Organization of the Petroleum Exporting Countries (OPEC) began a few minutes ago in the presence of the Ministers of Oil and Energy of the organization via video conference.
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22nd OPEC and Non-OPEC Ministerial Meeting
TEHRAN (SHANA) -- The 22nd OPEC and non-OPEC Ministerial Meeting was held via video conference on Thursday, November 4, 2021 and ended with a compromise on keeping the existing production plan in place and add 400,000 bpd to their crude oil output for December.
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Iran’s Ministry of Petroleum Won’t Wait for Negotiations: Owji
TEHRAN (SHANA) – Iran’s Ministry of Petroleum will not wait for the decisions and negotiations, Minister of Petroleum said on Thursday after 22nd OPEC and non-OPEC Ministerial Meeting.
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22nd OPEC+ Ministerial Meeting Concludes
TEHRAN (SHANA) -- The 22nd OPEC and non-OPEC Ministerial Meeting was held via video conference on Thursday November 4, 2021, 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 Crude Oil Output by 400,000 in Dec.
TEHRAN (SHANA) -- The Organization of the Petroleum Exporting Countries and its allied producers reached a consensus on Thursday on extending the current crude oil output plan and raise their production by 400,000 bpd for December.
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22nd OPEC+ Meeting Begins
TEHRAN (Shana) – The 22nd meeting of the oil and energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (a grouping called the OPEC+ coalition) began a few minutes ago via videoconference.
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21st OPEC+ Meeting Begins
TEHRAN (Shana) -- The 21st meeting of the oil and energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries began a few minutes ago via videoconference.
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The 21st Special Meeting of the ECB concludes
VIENNA (Shana) -- The 21st Special Meeting of the Economic Commission Board (ECB), held via videoconference, concluded today, Monday, 13 September 2021.
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OPEC Turns 61
VIENNA (Shana) -- OPEC takes pride in honouring and celebrating its rich and unique history and heritage, particularly on the Anniversary of its founding on 14 September 1960. The year 2021 marks the 61st Anniversary of that auspicious day and represents an opportunity to reflect on the Organization’s past and look to the future.