Shana

GECF Chief Invited to Visit Iran’s Giant South Pars Gas Field

Tehran (Shana) -- Iran has invited the Gas Exporting Countries Forum (GECF) head to pay a visit to its giant offshore South Pars gas field.

NIOC Head: $160bn on Offer in Iran Oil Show for Investment

TEHRAN (Shana) – Iran has offered a chance to participants in the 26th International Oil, Gas, Refining and Petrochemical Exhibition to channel $160 billion in investments in the upstream sector of the country’s oil industry, said a high-ranking official in Tehran on Friday.

Qalibaf: Parliament Will Spare No Effort to Develop Oil Industry

Tehran (Shana) -- Iran’s Parliament speaker said on Friday that the legislature, as the facilitator and regulator, will spare no effort to help the country’s oil industry develop.

Amirkabir Petchem Plant Breaks Production Record

TEHRAN (Shana) – During the calendar year of 1400 which ended on March 20, Amirkabir Petrochemical Company was able to set a new record in recent years in key performance indicators such as total production, production of polymer products and production of ethylene.

Owji: Iran’s 13th Government Welcomes Local, Int’l Investors to Secure Global Energy Supply

TEHRAN (Shana) – Iranian Minister of Petroleum, Javad Owji, said on Thursday we always seek depoliticization of global energy market and making constructive interactions between producers and consumers, adding the 13th government welcomes local and international investors to develop oil and gas upstream sectors in a bid to help maintain and improve the security of global energy supply in upcoming years and decades.

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.

Iran Petroleum

Iran Petroleum No. 113

Iran Petroleum

Iran Petroleum No. 114

OPEC+ Agrees 7.125m bpd Output Cuts for Feb.; Russia, Kazakhstan to Raise Production

OPEC and its allies reached a consensus on crude oil output cuts of 7.125 million bpd for February and 7.050 million bpd for March, allowing Russia and Kazakhstan to raise production.

Iran Petroleum Minister: Future Months Determining for Oil Market

TEHRAN (Shana) -- Iran’s Minister of Petroleum Bijan Zangeneh said on Monday that future months are determining for oil market in terms of supply-demand uncertainties.

13th OPEC+ Ministerial Meeting starts via Videoconference

TEHRAN (Shana) -- The thirteenth ministerial meeting of OPEC members and non-OPEC producers, a grouping called OPEC+, started a few minutes ago via video conference.

CORRECTED--OPEC Partners Agree to Extend 9.6 mb/d Output Cut

TEHRAN (Shana) -- Non-OPEC ministers gave the nod to OPEC’s earlier proposal for extending for another one month the previously reached agreement on cutting 9.6 mb/d from their output in a bid to help shore up prices.

Zangeneh: Oil Price Balance Tied to Global Economic Recovery

TEHRAN (Shana) -- Iran’s Minister of Petroleum Bijan Zangeneh said on Saturday that balance would be back to the oil market once the entire global economy would recover.

Iran: OPEC to Keep Cutting Output If Non-OPEC Agrees

TEHRAN (Shana) -- Iran’s Minister of Petroleum Bijan Zangeneh said OPEC ministers agreed on Saturday to continue cutting 9.7 mb/d from their output provided that non-member allies follow suit.

Iran Names New OPEC Governor

TEHRAN (Shana) -- Iran’s deputy minister of petroleum for international affairs, Amir-Hossein Zamani-Nia, has been accepted as the country’s new OPEC governor.

Zangeneh Says Kazempour’s Death a “Major Loss”

TEHRAN (Shana) -- Iran’s Minister of Petroleum Bijan Zangeneh on Saturday heaped praise on Iran’s deceased OPEC governor Hossein Kazempour Ardebili, saying his recent death was a “major loss” for the country.

OPEC Ministers Meet to Decide Supply Cut

TEHRAN (Shana) -- OPEC ministers on Saturday came together on videoconference to discuss what policy to adopt on oil production in coming months amid falling demand due to the coronavirus outbreak.

OPEC+ Ministers hold Virtual Meeting amid Insane Oil Market

TEHRAN (Shana) -- Several oil and energy ministers of the OPEC–non-OPEC oil producing countries, signatories of the Declaration of Cooperation, held an informal teleconference to brainstorm the current dramatic oil market situation.