Oil Industry

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.

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.

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.

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.

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.

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.

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.

Veep:

Iran to be managed well without reliance on oil revenues

TEHRAN, Dec. 04 (MNA) – First Vice President Es’hagh Jahangiri said that the country enjoys high capacities and can be administered well without relying upon oil revenues.

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.

Zarif says Iran-EU trade mechanism will cover oil sales

TEHRAN, Dec. 04 (MNA) – Iranian Foreign Minister Zarif rejected Reuters’ speculations that the EU-Iran trade mechanism, aimed at bypassing US sanctions against Tehran, would not cover oil sales.

Nemati:

Iran’s oil sales predicted at 1.5mn bpd for $54 each in 2019

TEHRAN, Dec. 03 (MNA) – Spokesman for presiding board of the Iranian Parliament said Mon. that the government has estimated the sale of 1.5 million barrels of oil per day (bpd) for the next fiscal year (starting 21 Mar. 2019).

Iran, S Korea working on mechanism for oil sales under US sanctions

TEHRAN, Dec. 01 (MNA) – The chairman of Iran-South Korea Chamber of Commerce said Sat. that Iran and South Korea are working on a mechanism to continue bilateral trade, including oil sales, in the face of US sanctions.

Zanganeh refuses to discuss oil sales due to US moves

TEHRAN, Nov. 28 (MNA) – Iranian Oil Minister Bijan Zanganeh refused to answer reporters’ questions about oil sales in the face of US sanctions, saying the information would be used by Washington against Tehran.

Zanganeh:

CNPC 'officially' replaced Total in SP Phase 11 project

TEHRAN, Nov. 26 (MNA) – Oil Minister Bijan Namdar Zanganeh says China’s state-owned CNPC has replaced France’s Total in the development of Iran's giant South Pars Gas Field Phase 11 in the Persian Gulf.

South Pars phase 14 gas production at 28 mcm/d

TEHRAN, Nov. 24 (MNA) – Iran is currently recovering 28 million cubic meters per day of natural gas from Phase 14 of the giant South Pars Gas Field in the Persian Gulf, a senior official said.

China resumes Iran oil imports

TEHRAN, Nov. 24 (MNA) – Asia’s largest buyer of Iranian oil is said to have resumed purchases from the Persian Gulf state following a one-month hiatus, a move that will help allay fears that US sanctions on OPEC’s third largest producer will constrain global supplies.

Trump's Iran sanctions aren't working as planned: report

TEHRAN, Nov. 18 (MNA) – The Trump administration's strategy of maximum pressure on Iran hasn't achieved its intended impact, said a report on Saturday.

2nd Biennials Oil, Gas and Petrochemical Conference held in Bushehr

TEHRAN, Nov. 14 (MNA) – The 2nd Biennial Oil, Gas and Petrochemical Conference (OGPC2018) was held in the southern province of Bushehr on Wednesday.

Iran’s UK envoy:

Iran has enough leverage to continue oil exports

TEHRAN, Nov. 14 (MNA) – In an interview with CNN, Iranian Ambassador to London, Hamid Baeidinejad, said Iran now has a lot of alternatives to sell its oil seeing that other countries are not willing to comply with the US’ demands as they used to be in the past.

0.7mb of crude oil traded at IRENEX

TEHRAN, Nov. 11 (MNA) – A total of 700,000 barrels of crude oil was traded at the Iran Energy Exchange (IRENEX) during the Sunday session of the market.

Iran, S Korea agree on won-based settlement for trade

TEHRAN, Nov. 07 (MNA) – Iran has reportedly reached an agreement with South Korea to have won-based settlement of bilateral trade transactions in the face of US sanctions.

Iran’s UK envoy:

Intl. institutions predict boost in Iran’s oil exports

TEHRAN, Nov. 07 (MNA) – Iran’s Ambassador to London Hamid Baeidinejad said Wed. that the prediction of international energy institutions points to an increase in Iran’s oil exports despite the US sanctions.

New round of NIOC oil supply at IRENEX to kick off on Nov. 11

TEHRAN, Nov. 06 (MNA) – National Iranian Oil Company (NIOC) has announced that the new round of oil Supply at Iran Energy Exchange (IRENEX) will start on November 11.

India gets US waiver to continue Iran oil imports

TEHRAN, Nov. 01 (MNA) – Officials in New Delhi say the US has agreed to grant India a waiver from Iran sanctions so that the country would be able to maintain imports of crude oil from the Islamic Republic of Iran.

Zanganeh rejects claims on Russia’s part in Iran oil sales

TEHRAN, Oct. 31 (MNA) – Minister of Petrulem Bijan Zanganeh dismissed claims by some media that Russia may play a part in Iran’s oil sales following the US reimposition of sanctions on the country’s oil sector on November 5.