posted tages with "OPEC"

Iran’s OPEC Governor Passes Away

Iran’s OPEC Governor Passes Away

TEHRAN (Press Shia Agency) – The Islamic Republic of Iran’s governor to the Organization of the Petroleum Exporting Countries (OPEC) passed away after suffering a brain hemorrhage and falling into a coma. - Politics news - Hossein Kazempour Ardebili, 68, died at a hospital in Tehran on Saturday. The veteran politician was appointed governor to the OPEC oil group in 1985. He had also...

Oil Prices Grow After OPEC+ Deal Comes into Effect

Oil Prices Grow After OPEC+ Deal Comes into Effect

TEHRAN (Press Shia Agency) - The prices for Brent crude and WTI prices extended gains on Friday, as the hard-fought OPEC+ deal took effect on Friday - World news - The oil market had seen a dramatic crash last month due to global glut and fears of a lack of storage capacity. The price for Brent crude oil (ICE) has grown by 1.77 percent, reaching nearly $27 per barrel. The price for WTI...

Iran’s Oil Minister Frustrated by ‘Worst Meeting in OPEC History’

Iran’s Oil Minister Frustrated by ‘Worst Meeting in OPEC History’

TEHRAN (Press Shia) – Iran’s Oil Minister Bijan Namdar Zanganeh said Friday’s “fruitless” meeting of the OPEC+ in Vienna was one of the worst meetings in the history of the organization. - Politics news - Speaking to reporters, Zanganeh said the ministerial meeting of the OPEC and non-OPEC countries that ended without achieving a result in Vienna on Friday was one of the worst...

Iran 10-month crude output up 165kbd

Iran 10-month crude output up 165kbd

TEHRAN, Feb. 04 (Press Shia) – Iranian Minister of Petroleum Bijan Zangeneh says the country's petroleum output has increased by 165,000 b/d in the first 10 months of the current Iranian calendar year which began on March 21 compared to the same period last year.Addressing a press conference here in Tehran on Sunday, the official said Iran's crude exports have also increased by 60,000 b/d in...

OPEC members not keen on Brent prices above $60

OPEC members not keen on Brent prices above $60

TEHRAN, Jan. 09 (Press Shia) – Iranian Minister of Petroleum Bijan Zangeneh said on Tuesday that OPEC members do not want Brent Crude prices over 60 dollars.According to Iran's oil ministry news service Shana, Bijan Namdar Zanganeh said "members of the Organization of the Petroleum Exporting Countries (OPEC) are not keen on increased Brent Crude prices to above 60 dollars per barrels because of...

Iran, Iraq sign oil swap contract for 1 year

Iran, Iraq sign oil swap contract for 1 year

TEHRAN, Dec. 10 (Press Shia) – Tehran and Baghdad agreed to swap crude oil of northern Iraqi Kirkuk oilfield for Iranian oil in a one year contract subject to renewal.Iraqi Oil Minister Jabar al-Luaibi recounted on Sunday that the deal is about swapping up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk oilfield for Iranian, according to Reuters. The agreement...

9-month oil cut extension acceptable

9-month oil cut extension acceptable

TEHRAN, Nov. 30 (Press Shia Agency) – Iranian oil minister Bijan Namdar Zaganeh who has traveled to Vienna in order to attend the OPEC conference on extending agreements to cut oil production, said that a 6 to 9 month oil cut extension is acceptable. Bijan Zanganeh said “according to the conference outcomes and the reports issued, I suppose we have reached the general consensus to put into...

OPEC members agree to extend oil production cut

OPEC members agree to extend oil production cut

TEHRAN, Nov. 20 (Press Shia Agency) – Iran’s Oil Minister Bijan Namdar Zanganeh said “most OPEC members have agreed to extend oil production cuts.”On the margin of signing a domestic agreement on Monday, Bizan Namdar Zanganeh discussed oil export and said “Iran’s oil & gas export has reached 2.5 million barrels a day.” “Most OPEC members have agreed to extend oil production...

Qatar rift demonstrating fragile nature of Saudi-led coalition

Qatar rift demonstrating fragile nature of Saudi-led coalition

TEHRAN, Jun. 13 (Press Shia) – Canadian Human Rights Attorney Edward Corrigan said the crisis resulting from Saudi cutting ties with Qatar would force Qatar to forge closer links to Iraq and Iran, something that the Saudis want to stop.Corrigan said Saudis were emboldened by US President Trump’s recent visit to crack the whip and try to reign in Qatar’s Emir Sheikh Tamim bin Hamad...

8th edition of ‘Mehr Vision’ reviews region’s top events

8th edition of ‘Mehr Vision’ reviews region’s top events

TEHRAN, Mar. 16 (Press Shia Agency) – Mehr News English Service has published the eighth edition of ‘Mehr Vision,’ a monthly review of news and analyses of Iran and the region.The cover story of this edition is dedicated to the 6th International Conference on Palestinian Intifada, on 21-22 February, 2017. Over 500 foreign guests representing 80 countries attended the event, with speeches...

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