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Owji: Iran oil exports on the rise despite ‘harsher’ sanctions
SHANA (Tehran) – Iran’s oil minister on Friday said his country’s oil products and exports have climbed in spite of “harsher” sanctions.
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Owji: Iran, Venezuela use barter system to trade
SHANA (Tehran) – Iran’s Oil Minister Javad Owji here on Wednesday said his country and Venezuela conduct their trade through a barter system and there is no financial payment between the two states.
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Lawmaker: Latam good energy market for exporting technical, engineering services
SHANA (Tehran) – Iran’s energy sector could create a good market for itself in Latin America by exporting technical and engineering services, said a lawmaker on Tuesday.
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Iran, Uzbekistan agree on roadmap for cooperation in oil, gas, petrochemical industry
SHANA (Tehran) – A roadmap for cooperation between Iran and Uzbekistan in oil, gas, and petrochemical industry was outlined here on Monday.
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Putin: OPEC+ oil output cuts are non-political
Russian President Vladimir Putin said that decisions made by the OPEC+ group to cut oil production were "depoliticised" and were not related to what Moscow calls its "special military operation" in Ukraine.
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MP hails Raeisi administration’s energy diplomacy as ‘strong point’
SHANA (Tehran) – Energy diplomacy is one of the “strong points” of the 13th (Raeisi) administration, said an Iranian lawmaker on Sunday.
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Iran's oil exports hit five-year highs
Iran's crude exports and oil output have hit new highs in 2023 despite U.S. sanctions, according to consultants, shipping data and a source familiar with the matter, adding to global supply when other producers are limiting output.
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OPEC celebrates 60th anniversary in Baghdad
The Organization of Petroleum Exporting Countries (OPEC) commemorated its Diamond Anniversary (60 years) in Baghdad, Iraq.
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Active diplomacy causes Iran-Venezuela oil trade to rise to $4b
SHANA (Tehran) – The active diplomacy of Iran’s Ministry of Petroleum and the effective measures carried out by the 13th (incumbent) administration have led to an exponential increase in Iran-Venezuela cooperation in the oil industry, causing the two countries’ oil trade in the past 20 months to hit $4 billion.
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MP: Oil, tech export to Latin America is incumbent government’s zenith
SHANA (Tehran) – A member of Iran’s Parliament on Thursday said oil and technical know-how export to Latin America shows that the 13th (incumbent) administration’s power has reached its climax.
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Oil up on strong China refinery data
Oil prices rose on Thursday after a plunge the previous day, as data showed a jump in refinery runs at the world's top crude importer China, but a weak economic backdrop capped gains.
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Iranian MPs commend Oil Ministry for reviving energy diplomacy
SHANA (Tehran) – A number of Iranian lawmakers have lauded the Oil Ministry for reviving energy diplomacy.
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Iranian knowledge-based company to equip Venezuela gas compressor stations
SHANA (Caracas) – An Iranian knowledge-based company receiving support from the Ministry of Petroleum will equip Venezuela’s gas compressor stations.
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Owji says Iran will help Venezuela restore 12 Mt/y petrochemical production capacity
SHANA (Tehran) – Iran will help Venezuela restore its 12-million-ton-per-year (Mt/y) petrochemical production capacity, said Oil Minister Javad Owji on Tuesday.
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Iran, Venezuela sign several oil contracts
SHANA (Caracas) – Iran and Venezuela here on Monday signed several contracts to cooperate in the oil sector.
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Raeisi: Strengthening economy most effective way to confront sanctions
SHANA (Caracas) – Iran’s president on Monday said the strengthening of the economic sector is the most effective way to confront sanctions.
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Iran, Venezuela sign 19 cooperation documents
SHANA (Caracas) – Iran and Venezuela signed 19 cooperation documents and memorandums of understanding (MoUs) in Caracas on Monday.
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Oil prices fall, U.S. Fed rate decision in focus
Oil prices fell on Monday ahead of a U.S. Federal Reserve meeting as investors tried to gauge its appetite for further rate hikes and amid concerns about the prospects for Chinese demand and rising Russian supply.
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Owji on Latin America tour to boost energy ties
SHANA (Tehran) – Iran’s Oil Minister Javad Owji on Monday began a tour of Latin America.
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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.