OPEC

Iran to operate 27 South Pars phases by March 2020

TEHRAN, Mar. 17 (MNA) – Iranian Minister of Petroleum Bijan Zanganeh said the country would be recovering natural gas and crude oil from 27 phases of the massive South Pars gas field by late March 2020.
2019-03-17 08:44
Russia shelves plans on permanent alliance with OPEC

TEHRAN, Dec. 30 (MNA) – Moscow has ditched the idea of launching a joint structure with the Organization of the Petroleum Exporting Countries (OPEC) but will continue to cooperate with major oil producers, according to the Russian energy ministry.
2018-12-30 10:20
Oil prices rise to $51 after reaching its lowest since June 2017

TEHRAN, Dec. 26 (MNA) – Oil rose to $51 a barrel on Wednesday on perceptions that a price slide to 2017 lows prompted by economic worries had been overdone amid an OPEC-led effort to tighten supply.
2018-12-26 17:28
Iran ready to aid OFID in development projects in other countries: envoy

TEHRAN, Dec. 20 (MNA) – Iran’s permanent envoy to Vienna-based intl. organizations has voiced the country’s readiness to assist the OPEC Fund for International Development (OFID) in executing various projects in countries in need.
2018-12-20 10:21
OPEC proved it can reach agreement despite splits: Zanganeh

TEHRAN, Dec. 16 (MNA) – OPEC members have shown that they can reach agreements regarding oil production despite having intense political and even military disputes, said Iranian Oil Minister Bijan Zanganeh on Saturday.
2018-12-16 10:01
Price fluctuations in oil market, psychological: Zanganeh

TEHRAN, Dec. 13 (MNA) – Oil Minister Bijan Namdar Zanganeh said on Wednesday that the current volatility in the oil market is psychological.
2018-12-13 09:57
Iran’s oil sales faring much better after US sanctions: Pres. Rouhani

TEHRAN, Dec. 11 (MNA) – President Hassan Rouhani said Tue. that Iran’s oil sales have been faring much better than how they did before the Nov. 5 US sanctions targeting the country’s oil sector.
2018-12-11 12:10
Qatar withdrawal from OPEC may increase Iran’s production share: Zaccara

TEHRAN, Dec. 10 (MNA) –Dr. Luciano Zaccara says Qatar withdraw from OPEC may increase the quota (of power and production) that OPEC may allocate to Iran, which is not in line with the US policy towards Iran.
2018-12-10 00:30
Recent OPEC meeting dealt another blow to Americans: Pres. Rouhani

TEHRAN, Dec. 09 (MNA) – Iranian President Hassan Rouhani has hailed OPEC member states' resistance against US pressures in the recent meeting in Vienna as another failure for the United States.
2018-12-09 21:24
Political squabbles among OPEC members have weakened its efficacy: Prof. Entessar

TEHRAN, Dec. 09 (MNA) – Touching upon the Qatar’s reasons to withdraw from OPEC, Prof. Entessar said political squabbles among its members have weakened OPEC's efficacy.
2018-12-09 00:40
Iran to export 1mn bdp of oil despite US sanctions: Energy expert

TEHRAN, Dec. 08 (MNA) – Refereeing to withdrawal of Qatar from OPEC , Omid Shukri says Iran will be able to export 1 million barrels of oil despite Washington's effort to cut Iran's export to zero.
2018-12-08 11:11
Envoy hails Iran efforts for getting exemption from oil production cut

TEHRAN, Dec. 08 (MNA) – Iran’s permanent envoy to Vienna-based intl. organizations hailed the efforts and tenacity of the Iranian delegate at the OPEC meeting to exempt the country from production cut agreement.
2018-12-08 10:13
OPEC endorses Iran exemption from production cut

TEHRAN, Dec. 07 (MNA) – Iran managed to secure exemption from an agreement by OPEC members to reduce their oil production to prevent supply glut and bolster the prices.
2018-12-07 17:59
By: Mudasir Sheikh

Hypocrisy of US and its Mideast allies

TEHRAN, Dec. 07 (MNA) – There is no denying the fact that the US is using Saudi oil card to damage the oil-based economies of Russia, Iran, and Venezuela as they are unfailingly challenging Washington’s hegemony.
2018-12-07 13:17
175th OPEC meeting

TEHRAN, Dec. 07 (MNA) – The 175th session of Organization of Petroleum Exporting Countries (OPEC) held in Austrian capital Vienna on Thu. Dec. 6. At the end of the meeting, Iranian Oil Minister Bijan Zanganeh in an interview with correspondents described the atmosphere of the meeting ‘tough’ and expressed hope that OPEC discussions will bear fruit.
2018-12-07 12:03
Iran should freely sell its oil without any pressure: Oil min.

TEHRAN, Dec. 06 (MNA) – Iranian Oil Minister Bijan Zangeneh said Iran is not fine with the amount of oil it can export by the waivers provided by US to its old customers, saying the country should be able to sell its oil without any pressure.
2018-12-06 18:10
Oil Min. Zangeneh meets Qatari counterpart in Vienna

TEHRAN, Dec. 06 (MNA) – Iranian Minister of Petroleum Bijan Zangeneh met his Qatari counterpart Saad al-Kaabi in Vienna on Thursday, discussing increased meddling of other countries in OPEC decisions.
2018-12-06 12:42
Oil min.:

Iran should be excluded from any decision on OPEC output level

TEHRAN, Dec. 06 (MNA) – Oil Minister Bijan Zanganeh said as long as Iran is under sanctions, it will not take part in any OPEC output agreement and it should be excluded from any decisions made on reducing output level.
2018-12-06 10:10
Oil minister leaves for Vienna to attend OPEC meeting

TEHRAN, Dec. 05 (MNA) – Iranian Oil Minister Bijan Zanganeh left Tehran for Vienna on Wednesday to attend the 175th general meeting of the Organization of the Petroleum Exporting Countries (OPEC).
2018-12-05 18:11
Out of OPEC, Qatar can start to market Iran's oil: Expert

TEHRAN, Dec. 05 (MNA) – After withdrawal from OPEC, Qatar can start to market Iranian oil to Asia and Europe, Sam Barden, director of the international trading and consulting company SBI Markets said on Tuesday.
2018-12-05 10:45
Zangeneh:

Reasons for Qatar's departure from OPEC must be explored

TEHRAN, Dec. 05 (MNA) – Oil Minister Bijan Namdar Zanganeh says OPEC has major problems with some oil producers except Qatar, and the reasons for Qatar’s exit from the organization must be examined.
2018-12-05 08:37
Iran’s OPEC governor:

OPEC, non-OPEC unlikely to extend agreement to cut production

TEHRAN, Dec. 04 (MNA) – Iran's OPEC Governor Hossein Kazempour Ardebili says OPEC and non-OPEC partners are unlikely to extend their agreement to cut production in a bid to shore up prices.
2018-12-04 16:17
By: Ebrahim Fallahi

The impact of US sanctions on Iranian oil industry, market in focus

TEHRAN, Nov. 13 (MNA) – Right from the day Trump withdrew from Iran’s nuclear deal, announcing his plan for cutting Iranian oil exports to zero, the oil scholars and experts all around the world begun contemplating the impacts of this decision on the Iranian oil industry, especially on the country’s oil exports.
2018-11-13 14:33
Iran's oil exports harder to track as sanctions loom

TEHRAN, Oct. 31 (MNA) – According to Saudi Energy Minister Khalid al-Falih, no one has any idea how much oil Iran will be able to export after new US sanctions against the Islamic Republic to kick off on Nov. 4.
2018-10-31 11:32
Zanganeh makes surprise visit to Moscow for oil talks

TEHRAN, Oct. 16 (MNA) – Iranian Oil Minister Bijan Namdar Zanganeh made a surprise visit to Moscow late on Monday to meet his Russian counterpart, Alexander Novak.
2018-10-16 09:31
Official says S Arabia unable to replace Iran’s oil

TEHRAN, Oct. 07 (MNA) – Iran’s Oil Sales Official in previous sanctions period Mohammad-Ali Khatibi said that Saudi Arabia and other Organization of Petroleum Exporting Countries (OPEC) and even non-OPEC member states are unable to compensate such huge oil production volume.
2018-10-07 14:34
Trump is a bully: ex-White House official

TEHRAN, Sep. 28 (MNA) – Professor Frank N. von Hippel, former assistant director for national security in the White House Office of Science and Technology says that Trump is a bully, and believes that the United States as the strongest country should be free to bully other countries.
2018-09-28 18:35
Oil min.:

Oil price hike due to US efforts to prevent Iran’s oil exports

TEHRAN, Sep. 26 (MNA) – Iranian Oil Minister Bijan Namdar Zanganeh said "in order to prevent the rise in oil prices and instability in the market, US must stop preventing Iran's oil production and export, as well as interference in the Middle East issues.
2018-09-26 15:47
Algeria JMMC meeting resulted in what Iran wanted: oil minister

TEHRAN, Sep. 24 (MNA) – Iranian Oil Minister Bijan Zanganeh said that the result of the OPEC committee meeting in Algeria on Sunday was consistent with what Iran wanted for oil supply agreements.
2018-09-24 13:14
Oil prices 'cheaper' if Trump stopped tweeting: Iran OPEC envoy

TEHRAN, Sep. 24 (MNA) – Iran OPEC Representative Hossein Kazempour said Sun. that Donald Trump's tweeting habits are lifting oil prices, and the US president should stop posting on social media to alleviate the spike in prices.
2018-09-24 10:17