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Raeisi begins three-legged tour, lauds Iran-Latam energy cooperation
SHANA (Tehran) – Iran’s President Seyyed Ebrahim Raeisi on Monday started his tour of Venezuela, Nicaragua, and Cuba.
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Lawmaker hails Oil Ministry ‘successful’ energy diplomacy
SHANA (Tehran) – A member of Iran’s Parliament on Sunday praised the Oil Ministry’s economic and energy diplomacy.
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Ambassador: Favorable opportunity created for Iran-Russia petrochemical cooperation
SHANA (Tehran) – Iran’s ambassador in Russia on Sunday said a favorable opportunity has been created for Tehran-Moscow cooperation in the petrochemical sector.
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Oil minister: 64 projects to be inaugurated, 15 more to start this year
SHANA (Tehran) – Iran’s oil minister on Saturday said 64 semifinished and new projects worth $14.5 billion will become operational and the executive operations of 15 projects valued at $14.3 billion will begin this year.
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Oil rises as Saudi cut supports and focus turns to Fed
Oil rose on Thursday as tighter supply resulting from Saudi Arabia's pledged production cut and a potential pause to U.S. interest rate hikes offset worries over demand weakness and a global economic slowdown.
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Oil prices edge higher as Saudi cut outweighs bearish backdrop
Oil prices edged higher on Wednesday as Saudi Arabia's surprise weekend pledge to deepen output cuts outweighed weak Chinese export data and rising U.S. fuel stocks.
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Owji says Iran energy trade with neighbors will increase
SHANA (Tehran) – Iran’s oil minister on Wednesday said his ministry is seeking to increase the country’s share in energy trade with neighboring states.
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Expert: Iran seeking greater role in gas trade with neighbors
SHANA (Tehran) – A senior energy expert said Iran is seeking to have a greater role in its gas trade with neighboring countries.
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MP: Tehran-Ashgabat gas cooperation could turn Iran into region’s energy hub
SHANA (Tehran) – Tehran-Ashgabat cooperation in the gas sector could turn Iran into an energy hub in the region, said a lawmaker on Monday.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Iran, Turkmenistan sign five cooperation documents
SHANA (Tehran) – Iran and Turkmenistan here on Tuesday signed five documents to boost their cooperation in different fields.
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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.
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Spokesman: Iran-Oman trade volume up over 40%
SHANA (Tehran) – Iran’s government spokesman on Tuesday said Iran-Oman trade volume neared $2 billion last year, showing an over 40 percent growth.
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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.
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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.
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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.
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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.
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Iran, Oman sign energy cooperation document
SHANA (Tehran) – Iran and Oman here on Sunday signed a document on their cooperation in the energy sector.
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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.
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China's yearly natural gas use logs first decline in over three decades, EIA says
China's natural gas consumption and LNG imports dropped in 2022 as a result of lower economic growth and higher gas prices, marking the first annual decline in consumption since 1990, the U.S. Energy Information Administration (EIA) said.
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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.
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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.
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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.