OPEC

Future of Oil, Future of World

TEHRAN (Shana) -- Oil ministers from OPEC and non-OPEC partners during their last meeting in Vienna agreed to cut an extra 503,000 b/d from their total production in a bid to help stabilize the oil market. The OPEC and non-OPEC producers would now remove a total of 1.703 mb/d of oil from their output.
2019-12-21 15:30
OPEC 177th Meeting

VIENNA (Shana) -- The 177th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Thursday, 5 December 2019, under the Chairmanship of its President, HE Manuel Salvador Quevedo Fernandez, People's Minister of Petroleum of the Bolivarian Republic of Venezuela and Head of its Delegation. On Friday, 6 December, the 7th OPEC+ meeting was also held.
2019-12-08 18:11
5 OPEC Decision in 177th Meeting

VIENNA (Shana) – OPEC+ production cuts increased by 503,000 barrels per day, secondary sources designated as OPEC and non-OPEC production reference sources, gas condensate was removed from crude oil production calculation of non-OPEC producers, Algeria's Energy Minister was selected as OPEC Conference President alphabetically, and eventually, Iran became the vice-chairman of the OPEC board of governors.
2019-12-06 18:09
Zangeneh Satisfied with Talks at OPEC 177th Conference

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh expressed satisfaction at the negotiations between OPEC members on Thursday, announcing an extraordinary OPEC meeting would be held within the next 3 to 4 months.
2019-12-06 15:44
From a Journalist to "Prince Abdulaziz"

TEHRAN (Shana) -- Prince Abdulaziz bin Salman! Dear Saudi Minister of Energy; as an Iranian journalist, I have known you for over 15 years; as a freelance reporter, I have witnessed your influence in numerous OPEC meetings; and as someone who has witnessed your endeavors at various oil conferences, including the third OPEC summit in Riyadh, I urge you to take the Iranian Minister of Petroleum’s remarks on Sunday (October 6, 2019) seriously and work to improve relations between the two neighboring Muslim countries, Iran and Saudi Arabia.
2019-10-07 14:44
Market Survey Needed for Ensuring Effectiveness of Deeper Oil Output Cuts: Zangeneh

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said that the market’s reaction to deeper supply cuts by OPEC+ needed to be assessed in order to ensure the plan’s effectiveness.
2019-09-14 11:58
Zangeneh Appoints OPEC Director at Iran Petroleum Ministry

TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh issued a decree appointing Mohammad Taeb as the director general of OPEC Affairs at the Iranian Ministry of Petroleum.
2019-08-05 16:11
OPEC Ministers Agree to Extend Output Cut Deal

VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said Iran approved of an OPEC statement to extend the OPEC+ agreement to cut the group's total output by 1,200,000 bpd as well as the OPEC-non-OPEC Cooperation Charter.
2019-07-02 15:30
Iran Exempted from OPEC Output Cut Deal Again

VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the country was exempted from an agreement among OPEC members to continue capping the producer body’s crude oil output by 0.8 mbd.
2019-07-02 01:52
OPEC+ Cooperation Charter not Contradictory to General Provisions of OPEC Statute

VIENNA (Shana) – 13 OPEC member states added a paragraph to the OPEC-non-OPEC Cooperation Charter in the organization’s 176th meeting to get the approval of Iran which had seriously opposed the charter.
2019-07-02 00:40
OPEC Extends Output Cut Deal to 2020

VIENNA (Shana) – 14 Members of the Organization of the Petroleum Exporting Countries (OPEC) agreed to extend the producer body’s 800,000 b/d crude oil output cut deal for the next nine months to 2020.
2019-07-02 00:26
Agreeing on OPEC-non-OPEC Cooperation Prolongs Meeting

VIENNA (Shana) -- "Assessing how to institutionalize OPEC and non-OPEC cooperation" is the main reason for the prolonged meeting of the OPEC ministerial meeting behind closed doors. This issue which has been considered by experts over the past several months still has ambiguities that have caused the Iranian petroleum minister to be the serious and main opposer of this plan," sources said.
2019-07-01 21:50
OPEC Existence main Concern for Iran: Zangeneh

VIENNA (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh told reporters ahead of the 176th OPEC meeting in Vienna that the existence of the Organization of the Petroleum Exporting Countries (OPEC) was the main issue for Iran in the meeting.
2019-07-01 20:04
Zangeneh Meets with OPEC President in Vienna

VIENNA (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh met with the OPEC President Manuel Quevedo, who is also Venezuelan Oil Minister, in Vienna ahead of the organization’s 176th Meeting later on Monday.
2019-07-01 11:42
OPEC+ Deal Meaningless without Unanimity inside OPEC

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh voiced Iran’s support for an agreement between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers, saying, however, such an agreement would be meaningless without an internal understanding inside the organization.
2019-07-01 07:56
Zangeneh Leaving Tehran to Attend OPEC Meeting in Vienna

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh will leave Tehran for Vienna within hours to attend the 176th meeting of the Organization of the Petroleum Exporting Countries (OPEC).
2019-07-01 01:05
OPEC 176th Meeting

2019-06-30 15:13
OPEC 176th Meeting Rescheduled for July 1

TEHRAN (Shana) -- 14 members of the Organization of the Petroleum Exporting Countries (OPEC) agreed to change the date of the upcoming OPEC meeting and the OPEC+ assembly from 25 and 26 of June to June 1 and 2, respectively.
2019-06-19 12:35
Iran Not to Exit OPEC: Zangeneh

TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said the country had no plans to exit the Organization of the Petroleum Exporting Countries (OPEC).
2019-06-08 15:24
BARKINDO:

There Can Never Be another OPEC

TEHRAN (Shana) -- OPEC Secretary General Mohammad Sanusi Barkindo has highlighted the uniqueness of the oil producer organization, dismissing the idea of emergence of any other such organization.
2019-05-13 11:22
OPEC Sec. Gen. Received by Iran Oil Minister in Tehran

2019-05-04 15:03
Unilateral Decisions on Iran Ineffective

TEHRAN (Shana) -- OPEC Secretary General Mohammed Barkindo said Thursday "unilateral" decisions against Iran would not be effective.
2019-05-02 22:07
Iran Vows Response to Threats From Fellow OPEC Producers

TEHRAN (Shana) -- Iran's petroleum minister said Thursday that his country will respond to any threats by fellow OPEC member states.
2019-05-02 22:00
No Unilateral Decisions in OPEC

TEHRAN (Shana) -- The secretary general of the Organization of the Petroleum Exporting Countries (OPEC) said there were no unilateral decisions in the organization.
2019-05-02 15:09
Iranian Nation has Constantly Overcome Problems: Barkindo

TEHRAN (Shana) -- Mohammed S Barkindo, OPEC Secretary General, said no matter what comes next in the future, you, the Iranian people will overcome them.
2019-05-02 13:07
3rd Phase of OPEC 2040 Big Data and to be Unveiled

TEHRAN (Shana) -- The third phase of OPEC’s 2040 big data and outlook will be unveiled on the sidelines of the 24th Iran Oil Show in Tehran.
2019-05-01 19:04
24th Iran Oil Show Kicks off in Tehran

TEHRAN (Shana) -- The 24th Iran International Oil, Gas and Petrochemical Exhibition (Iran Oil Show) began in the permanent fairgrounds of the Iranian capital, Tehran.
2019-05-01 15:10
Extending Global Oil Deal Easy: Zangeneh

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said in Moscow that it should be straight-forward to extend the global oil output deal between OPEС and non-OPEC countries and that the deal was going well.
2019-04-04 23:37
How OPEC Turned Page in 2018

TEHRAN (Shana) -- Two key ministerial meetings of the Organization of the Petroleum Exporting Countries convened in 2018 were the among the most significant oil developments of last year.
2019-03-03 11:12