OPEC
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12th OPEC+ Ministerial Meeting Ends
The 12th OPEC and non-OPEC Ministerial Meeting (ONOMM) was held via videoconference, on Thursday, 03 December 2020.
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Zangeneh: OPEC+ decision was wise
Crude oil output cuts will decrease from previously-agreed amount of 7.7 million bpd to 7.2 million bpd in January 2021, down 500,000 bpd, Iran’s Minister of Petroleum, Bijan Zangeneh, said, adding it was a wise decision.
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OPEC+ members agree to ease crude oil output cuts in January 2021
The 12th OPEC and non-OPEC Ministerial Meeting ended on Thursday with members reaching a consensus on easing crude oil output cuts by 500,000 bpd for January, 2021.
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12th OPEC+ Meeting Kicks off
TEHRAN (Shana) -- The 12th meeting of the oil and energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies began a few minutes ago via video conference.
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12th OPEC+ Meeting
TEHRAN (Shana) -- The 12th Ministerial Meeting of OPEC and non-OPEC countries was held via video conference on Thursday, December 3.
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Will March 2020 be Repeated?
Troublesome Figures
TEHRAN (Shana) -- Calculation of the baseline and the production base of 11 million barrels for the crude oil output of Russia and Saudi Arabia in the April agreement and the determination of the production baseline in October 2018 for 18 other countries committed to adjusting their output has become troublesome. Some OPEC+ member countries, led by the UAE and Kazakhstan, who endorsed the agreement at the April 12 meeting are now protesting to it.
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180th OPEC Meeting
TEHRAN (Shana) -- The 180th meeting of the Organization of the Petroleum Exporting Countries was held virtually on November 30.
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12th OPEC+ Postponed to December 3
TEHRAN (Shana) – The 12th meeting of the oil and energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a grouping known as OPEC+, will be held on Thursday (December 3) at 2:00 PM Vienna time (4:30 PM Tehran time).
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OPEC 180th Meeting to Reconvene Tomorrow
TEHRAN (Shana) -- The 180th Meeting of the OPEC Conference will reconvene tomorrow for further deliberations.
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Reaching Consensus Requires Patience, Negotiation: Zangeneh
TEHRAN (Shana) – OPEC members’ decision on how to extend oil output cut deal would depend upon tomorrow’s meeting with non-OPEC members; tomorrow is an important day and achieving consensus needs patience and negotiation, Iran’s Minister of Petroleum, Bijan Zangeneh, said on Monday.
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OPEC Meeting not Finished
TEHRAN (Shana) – The meeting is not finished and would depend on the meeting with non-OPEC producers, Iran’s Minister of Petroleum, Bijan Zangeneh, said on Monday after the 180th Meeting of the OPEC Conference..
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Opening Remarks to the 180th OPEC Meeting
TEHRAN (Shana) -- Algeria’s Minister of Energy and OPEC President, Abdelmadjid Attar, addressed the opening of the 180th meeting of the OPEC Conference held virtually on Monday.
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In the presence of OPEC Oil, Energy Ministers
180th OPEC Conference Starts
TEHRAN (Shana) -- The 180th meeting of the Organization of the Petroleum Exporting Countries (OPEC) began a few minutes ago via video conference in the presence of oil and energy ministers of member countries.
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OPEC, non-OPEC participants hold 8th Technical Meeting
VIENNA (Shana) -- The 8th Technical Meeting of the OPEC and non-OPEC countries of the Declaration of Cooperation (DoC) has commenced via videoconference.
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OPEC’s Economic Commission Board holds its 134th meeting
VIENNA (Shana) -- The OPEC Economic Commission Board (ECB) has convened for its 134th meeting via videoconference.
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JMMC Reaffirms Commitment to Full Conformity
VIENNA (Shana) -- The 24th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Tuesday, 17 November 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and co-Chair HE Alexander Novak, Deputy Prime Minister of the Russian Federation.
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JMMC priority is full conformity By all DoC members
VIENNA (Shana) -- The 23rd Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Monday, 19 October 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation.
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45th JTC Meeting Convened
VIENNA (Shana) -- The 45th Meeting of the Joint Technical Committee (JTC) was held via videoconference, in preparation for the 23rd Meeting of the Joint Ministerial Meeting (JMMC) planned for 19 October 2020.
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Iran Names National Rep to OPEC
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh has appointed Afshin Javan as Iran’s national representative to the Organization of the Petroleum Exporting Countries (OPEC).
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OPEC Launches 2020 Edition of World Oil Outlook
VIENNA (Shana) -- The 2020 OPEC World Oil Outlook (WOO) was launched today in Vienna, Austria, providing the OPEC Secretariat’s in-depth look at the unprecedented scale and impact of the COVID-19 pandemic on the global energy and oil markets, an assessment of the medium- and long-term prospects, as well as analysis of various alternative scenarios and sensitivities that have the potential to impact the petroleum industry in the years ahead.
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OPEC Sec. Gen. Sends Condolence Message on Death of Kuwaiti Emir
VIENNA (Shana) – Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammad Sanusi Barkindo sent a letter of condolence on the death of the Kuwaiti Emir.
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OPEC Turns 60
Successful Past, Sustainable Future
TEHRAN (Shana) -- In September 1960, the representatives of the five founding members of the Organization of the Petroleum Exporting Countries (OPEC), i.e. Iran, Iraq, Kuwait, Saudi Arabia and Venezuela, held a four-day conference in the Iraqi capital Baghdad. The conference gave rise to OPEC as a permanent intergovernmental organization.
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Adeli: OPEC Politicized by Some Member States
TEHRAN (Shana) -- Mohammad Hossein Adeli, former secretary general of the Gas Exporting Countries Forum (GECF), has said some member states of the Organization of the Petroleum Exporting Countries have politicized the Organization. In an interview, he cites the examples of countries that did not hesitate to compensate for Iranian and Venezuelan share following their US sanctions on the two member states.
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OPEC SG Welcomes Iran FM Deputy
TEHRAN (Shana) -- OPEC SG HE Barkindo today welcomed to the OPEC Secretariat HE Mohsen Baharvand, Deputy Foreign Minister for International and Legal Affairs of the IR Iran and HE Kazem Gharib Abadi, Ambassador and Permanent Representative of the IR Iran to the UN Office at Vienna.
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JMMC Focuses on Market Stability and Full Conformity
TEHRAN (Shana) -- The 22nd Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Thursday 17 September 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation.
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OPEC 60th Anniversary; Javad Yarjani Explains
How OPEC Became a Key Player in World Markets
TEHRAN (Shana) -- Javad Yarjani, Iran’s former national representative to OPEC, has attended OPEC meetings for more than three decades. He served as the head of the Energy Division of OPEC Secretariat for five years.
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60th OPEC Anniversary
Zamani-Nia: OPEC should Protect Members by Relying on Partnership
TEHRAN (Shana) -- Iran’s OPEC governor Amir-Hossein Zamani-Nia says all member states of the Organization of the Petroleum Countries should oppose and decry – both in words and deeds – the use of oil as a political tool for exerting pressure and imposing embargo on oil producers.
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60th OPEC Annivesary
OPEC Founders Achievements
TEHRAN (Shana) -- OPEC has turned 60. So long a time. Why was OPEC established? What has it brought to the five founding members?
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60th OPEC Annivesary
OPEC Turns 60; Achievements, Survival and Challenges
TEHRAN (Shana) -- This year, the Organization of the Petroleum Exporting Countries (OPEC) is marking 60 years of its foundation. Every year an anniversary ceremony is held on September 14, i.e. the day of OPEC foundation, at the Secretariat of the Organization. In addition, this year a special ceremony was due to be held in Baghdad with OPEC Secretary General Mohammad Barkindo and heads of delegation of OPEC member countries in attendance to commemorate the 60th anniversary of OPEC establishment; however, despite all the required arrangements made by Iraq, due to global COVID-19 pandemic the ceremony was wisely agreed to be postponed to some other time.