OPEC

21st OPEC Plus meeting kicks off

TEHRAN, Oct. 04 (MNA) – The 21st meeting of Oil and Energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC Plus Coalition) kicked off in Austrian capital Vienna on Mon. through video conference.

OPEC+ predicts tighter oil market until May 2022

TEHRAN, Sep. 01 (MNA) –OPEC+ expects the oil market to be in deficit at least until the end of 2021 and stocks to stay relatively low until May 2022, OPEC+ sources said on Tuesday, a day ahead of a policy meeting amid US pressure to raise production.

Iran OPEC status to be Improved: oil minister

TEHRAN, Aug. 27 (MNA) – Iranian Oil Minister Javad Owji said that the effort is to strengthen Iran's position in OPEC and take back its markets.

'OPEC+ cannot ignore Iran's return to oil market'

TEHRAN, Jul. 18 (MNA) – Iranian oil minister Bijan Zanganeh said after the Sunday meeting of OPEC+ that Iran's return to the global oil market is important and effective, adding that OPEC+ cannot ignore this issue.

OPEC+ needs more time to resolve Saudi-UAE impasse

TEHRAN, Jul. 13 (MNA) – OPEC+ has not been successful in making progress in closing divisions between Saudi Arabia and the United Arab Emirates.

Iraq backs extending OPEC output pact until Dec. 2022

TEHRAN, Jul. 05 (MNA) – Iraqi oil minister said that his country supports a proposal by the Organization of the Petroleum Exporting Countries and its allies to extend a pact on output curbs until December 2022.

Oil min.:

Iran to return to oil market as soon as sanctions lifted

TEHRAN, Jul. 03 (MNA) – Iranian Minister of Oil Bijan Zanganeh said that Islamic Republic of Iran will swiftly return to the global oil market after sanctions imposed on the country are lifted.

Iran’s envoy meets with OPEC chief to discuss oil market

TEHRAN, Jun. 08 (MNA) – Iran’s permanent representative to Vienna-based international organizations met and held talk with Secretary-General of Organization of Petroleum Exporting Countries (OPEC) to discuss latest development on global oil market.

Iran able to export 1.5mn barrels of oil if sanctions lifted

TEHRAN, Jun. 05 (MNA) – The deputy of one of Russia's largest oil companies said that Islamic Republic of Iran will be able to export 1.5 million barrels of oil per day (bpd) if sanctions imposed against the country are lifted.

OPEC waiting for Iran's return to crude market: Oil Minister

TEHRAN, Jun. 01 (MNA) – The Iranian Oil Minister Bijan Zanganeh said after the 17th virtual meeting of the Oil and Energy Ministers of OPEC+ that the meeting was under the influence of Iran's imminent return to the market.

Iran’s oil output grows for 3rd consecutive month: OPEC

TEHRAN, Apr. 14 (MNA) – The latest data published by the Organization of the Petroleum Exporting Countries (OPEC) shows an increase in Iran’s crude oil output for the third consecutive month in March.

OPEC+ agrees on crude oil cuts

TEHRAN, Apr. 02 (MNA) – OPEC and its allies reached a consensus on Thursday on easing crude oil output cuts by 350,000 bpd for May and June, and by 450,000 bpd as of July.

15th OPEC+ meeting kicks off virtually

TEHRAN, Apr. 01 (MNA) – The 15th meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a grouping called OPEC+, began minutes ago via video conference.

Iran’s crude oil output increases in February: OPEC

TEHRAN, Mar. 13 (MNA) – The latest data published by the Organization of the Petroleum Exporting Countries (OPEC) shows steady growth in Iran’s crude oil output in February.

India may turn to Iran, Venezuela for oil imports

TEHRAN, Feb. 22 (MNA) – India is planning to resume the import of energy from countries such as Iran and Venezuela to counter the high crude prices by some producers, local media reported.

Iran's crude oil output grows in January: OPEC

TEHRAN, Feb. 12 (MNA) – Iran continues its march toward retaining the oil market share as the country added more barrels to its daily production in January compared to the previous month, data published by OPEC showed.

Iran’s Zanganeh meets with Azerbaijani energy min.

TEHRAN, Dec. 23 (MNA) – Iranian Oil Minister Bijan Namdar Zanganeh hosted a meeting with his Azerbaijani counterpart in Tehran to discuss oil and energy issues concerning the two neighbors.

Iran’s Zanganeh departs for Moscow to hold energy talks

TEHRAN, Dec. 20 (MNA) – Iranian Oil Minister Bijan Namdar Zanganeh left Tehran for Moscow Sunday morning to hold talks with Russia’s senior officials.

Iran oil production grows in November

TEHRAN, Dec. 15 (MNA) – According to the latest data released by OPEC, Iran's monthly oil production witnessed an increase in November 2020.

No permission needed to return to oil market: oil min.

TEHRAN, Dec. 14 (MNA) – Stating that the export of 2.3 million barrels is possible, Iranian Minister of Oil Bijan Zanganeh said that Iran does not need permission to return to oil markets.

OPEC+ decision was wise: Zanganeh

TEHRAN, Dec. 04 (MNA) – Iranian Minister of Oil Bijan Zanganeh said that the 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, adding it was a wise decision.

12th OPEC+ meeting kicks off

TEHRAN, Dec. 03 (MNA) – 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.

180th meeting of the OPEC Conf. kicks off

TEHRAN, Nov. 30 (MNA) – The 180th meeting of the Organization of the Petroleum Exporting Countries (OPEC) Conference Kicked off in Vienna on Monday, with an OPEC+ meeting.

Deputy FM meets with OPEC Sec. Gen. Barkindo in Vienna

TEHRAN, Sep. 19 (MNA) – The Iranian Deputy Foreign Minister for International and Legal Affairs met with the OPEC secretary-general in the Austrian capital Vienna on Sat.

Iran oil production at 1.93mn bpd in July

TEHRAN, Aug. 17 (MNA) – In its latest report, OPEC announced that Iran's oil production volume stood at 1.936 million barrels per day (bpd) in July 2020.

Agreement between OPEC members ‘goes ahead’ as predicted: Zanganeh

TEHRAN, Jun. 06 (MNA) – After the 179th meeting of oil and energy ministers of OPEC held on Saturday, Iranian Oil Minister Bijan Namdar Zanganeh said the agreement made between OPEC member states went ahead as planned.

OPEC+ accord to extend output cuts

TEHRAN, Jun. 06 (MNA) – In its Saturday video conference session, OPEC+ members agreed to a new deal i.e. maintaining the cartel's production cut of 9.7 million barrels a day to the end of July, instead of easing it to 7.7 million after this month as planned.

179th meeting of the OPEC, non-OPEC conference kicks off

TEHRAN, Jun. 06 (MNA) – The 179th Meeting of the OPEC Conference has started under the chairmanship of HE Mohamed Arkab, Algeria’s Minister of Energy and President of the OPEC Conference.

OPEC and non-OPEC meetings to be held on June 6: report

TEHRAN, Jun. 05 (MNA) – Both ministerial meetings of OPEC countries and non-OPEC states will be held on Saturday, June 6, on one day, said a source participating in the talks.