Saudi Arabia

  • PGPIC Exports hit $2.4b in H1

    PGPIC Exports hit $2.4b in H1

    TEHRAN (Shana) – The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said the holding’s made $2.4 billion by exporting petrochemicals in the first half of the current Iranian fiscal year which began on March 20.

  • FM Spokesman Denies Request from Saudi Arabia to Sell Iran Oil

    FM Spokesman Denies Request from Saudi Arabia to Sell Iran Oil

    TEHRAN (Shana) -- A spokesman for the Iranian Ministry of Foreign Affairs said that the request from Saudi Arabia to sell Iranian oil was not true, adding that Iran's talks with Saudi Arabia on bilateral, regional and international issues were under way and that any other issue on these talks was baseless.

  • Zaki Yamani, Oil Market Legend: Expert

    Zaki Yamani, Oil Market Legend: Expert

    TEHRAN (Shana) – Dr. Mamdouh G. Salameh, Non-Resident Fellow, Expert, the Economics of Oil and Energy, who is an international oil economist and a prominent expert on energy, described late Zaki Yamani as a legend in the global oil market.

  • OPEC and a Bug called "Sloppiness"

    OPEC and a Bug called "Sloppiness"

    TEHRAN (Shana) – The Organization of the Petroleum Exporting Countries (OPEC) is preparing for its 60th anniversary celebrations in September, marking one of the most volatile times in recent years. Although OPEC Secretariat has not been very agile and orderly in recent months, at least over the years since I started observing the Organization’s moves, and it is exhibiting signs of severe sloppiness which has not been hidden in the eyes of most local and foreign observers.

  • “No Room Whatsoever” for Noncompliance over OPEC+ Production Cuts: Saudi Arabia

    “No Room Whatsoever” for Noncompliance over OPEC+ Production Cuts: Saudi Arabia

    TEHRAN (Shana) -- Saudi Energy Minister Prince Abdulaziz bin Salman said during a virtual press conference on Monday:  “We have no room whatsoever for lack of conformity,”.

  • Spox Reacts to Iran Oil Tanker Blast

    Spox Reacts to Iran Oil Tanker Blast

    TEHRAN (Shana) – The spokesman of the Iranian Ministry of Foreign Affairs expressed concern over the environmental pollution caused by oil leakage of a blast-hit Iranian tanker in the Red Sea.

  • From a Journalist to "Prince Abdulaziz"

    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.

  • Iran Oil Sanctions and Energy Security

    Iran Oil Sanctions and Energy Security

    TEHRAN (Shana) -- Today, May 19, Saudi Arabia hosts a meeting of OPEC+ monitoring committee to review oil market trends and possibly facilitate decision-making by OPEC members at their ordinary ministerial meeting next month in Vienna. This is the first meeting of OPEC and non-OPEC countries after the US administration decided to end waivers on Iran’s oil purchases since early May and push Iran’s oil exports to zero as a means to achieve its foreign policy objectives.