OPEC

Iran biggest gasoline producer among OPEC members: NIOPDC chief

TEHRAN, Aug. 28 (MNA) – Chief of the National Iranian Oil Product Distribution Company (NIOPDC) announced that producing 115 million liters of gasoline, Iran is now the major producer of the product among OPEC members and also regional countries.

Iranian oil prices increase in July as OPEC production falls

TEHRAN, Aug. 17 (MNA) – As the Iranian oil ministry reported, in July, the average price of Iranian crude stood at $62.65 per barrel, increasing 2.9 percent monthly, while the OPEC countries produced 29.609 million barrels of oil in the said month, registering a daily drop of 246,000 barrels compared to the preceding month.

Zanganeh appoints OPEC director at Iran Oil Ministry

TEHRAN, Aug. 06 (MNA) – Iranian Oil Minister Bijan Zanganeh issued a decree appointing Mohammad Taeb as the director-general of OPEC Affairs at the Iranian Oil Ministry.

Iran elected as head of OFID Ministerial Council

TEHRAN, Jul. 18 (MNA) – Iranian Minister of Finance and Economic Affairs Farhad Dejpasand was elected today as the chairman of the OPEC Fund for International Development (OFID) ministerial council, Iranian mission to Vienna announced.

OPEC wants quick resolution to tensions between US and Iran, Venezuela

TEHRAN, Jul. 09 (MNA) – OPEC has asked on Monday for a timely settlement to the tensions that have flared up between the United States and Iran and Venezuela.

Iran no threat to world energy security: Zanganeh

TEHRAN, Jul. 08 (MNA) – Iranian Oil Bijan Zanganeh said that Iran oil is not a threat to global energy security, noting that if this market is at stake, Iran will be affected too.

OPEC’s decisions no longer liable to outside pressure: Zangeneh

TEHRAN, Jul. 03 (MNA) – Iranian Oil Minister Zangeneh said “important changes” have been made to OPEC in a way that decisions made outside OPEC can no longer be imposed on the body for ratification.

EU’s trade mechanism not enough without oil: Zangeneh

TEHRAN, Jul. 03 (MNA) – Iran’s Oil Minister Bijan Zangeneh said a European mechanism to facilitate trade with his country in the face of US sanctions won’t be useful if it doesn’t allow for oil sales.

Zanganeh:

Iran accords with OPEC, non-OPEC decision about extending output cut

TEHRAN, Jul. 02 (MNA) – Iranian Minister of Oil Bijan Zangeneh announced on Tuesday that his country agrees with the OPEC+ agreement to cut the group's total output by 1.2 million bpd as well as the OPEC-non-OPEC Cooperation Charter.

Oil minister:

Iran exempted from OPEC output cut deal again

TEHRAN, Jul. 02 (MNA) – 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.

Zangeneh Meets OPEC President in Vienna

TEHRAN, Jul. 01 (MNA) – 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 on Monday.

OPEC will die with these ‘unilateral’ approaches: warns Zanganeh

TEHRAN, Jul. 01 (MNA) – Iran’s Oil Minister Bijan Namdar Zanganeh said that unilateralism is the biggest threat to OPEC, warning that the body will die if these processes continue.

OPEC+ deal meaningless without unanimity inside OPEC: Zanganeh

TEHRAN, Jul. 01 (MNA) – Iran’s Oil Minister Bijan Namdar Zanganeh voiced Iran’s support for an agreement between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers, saying, however, that such an agreement would be meaningless without an internal understanding inside the organization.

OPEC 176th meeting rescheduled for July 1

TEHRAN, Jun. 19 (MNA) – 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 July 1 and 2, respectively.

Iran conditionally endorses OPEC meeting date change

TEHRAN, Jun. 18 (MNA) – Iran’s oil minister has disagreed with a plan to postpone an upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC), saying Iran would confirm rescheduling the upcoming meeting only if it was to be held on July 10-12 from originally June 25.

Iran has no plans to leave OPEC: Oil min.

TEHRAN, Jun. 08 (MNA) – Iranian Minister of Petroleum Bijan Zanganeh said the country has no plans to leave the Organization of the Petroleum Exporting Countries (OPEC).

OPEC considers two scenarios to adjust oil production

TEHRAN, May 19 (MNA) – The Organization of the Petroleum Exporting Countries and its allies are set to debate at least two scenarios that would increase oil production beyond current levels, according to people familiar with the discussions.

Iranian heavy crude oil price rises $4.35 per barrel in April: OPEC

TEHRAN, May 15 (MNA) – Iranian heavy oil price increased $4.35, according to OPEC’s latest monthly report to reach $68.5 in April.

Oil prices rise as Fujairah tanker attack increases supply concerns

TEHRAN, May 13 (MNA) – Oil futures rose on Monday on increasing concerns about supply disruptions in the crucial producing region of the Middle East after two oil tankers were attacked in the Sea of Oman.

By: Ebrahim Fallahi

Iran Oil Show 2019: ‘Iran not alone in oil market’

TEHRAN, May 05 (MNA) – European exhibitors participating in the 24th International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show 2019) believe that the recent US pressures for isolating Iran’s economy wouldn’t stop them from trying to find a way for collaborating with Iran’s oil, gas and petrochemical sectors.

Iran's oil exports to slide in May, but not to zero: Reuters

TEHRAN, May 04 (MNA) – Iranian oil exports will slide in May as the United States tightens the screws on Tehran’s main source of income, industry sources said, deepening global supply losses caused by US sanctions on Venezuela and OPEC-led cuts.

US unilateral decisions against Iran ‘ineffective’: OPEC chief

TEHRAN, May 03 (MNA) – In his meeting with the Iranian Oil Minister Bijan Zanganeh, Organization of Petroleum Exporting Countries (OPEC) Secretary General Mohammed Sanusi Barkindo said that US unilateral decisions taken against Iran would not be effective.

OPEC Sec. Gen.:

'Impossible' to eliminate Iran from global oil market

TEHRAN, May 02 (MNA) – Organization of Petroleum Exporting Countries (OPEC) Secretary General Mohammed Barkindo said that removing Iran from the global oil market is ‘impossible’.

US statements cannot run oil market: Iran oil min.

TEHRAN, May 01 (MNA) – Iranian Oil Minster Bijan Zanganeh said Wed. that the oil market could not merely be managed by statements of the US officials.

Would Saudis play the US puppet in Iran sanctions scenario?

TEHRAN, Apr. 24 (MNA) – The US announced on Monday that the country is not going to extend the sanctions waivers which were granted to some of Iran’s oil customers in November 2018.

Iranian heavy crude oil price grows $5.10 per barrel in Feb.: OPEC

TEHRAN, Apr. 14 (MNA) – According to OPEC’s latest monthly report, Iranian heavy oil price increased $5.10 per barrel in February, 2019, reaching $61.29.