National Iranian Petrochemical Organization (NIPO) says Turkey and Egypt have agreed with Iran’s proposal to form an international petrochemical association similar to the Organization of Petroleum Exporting Countries (OPEC). “On the sideline of the petrochemical conference of the D8 group [...]
Iran’s oil minister says the upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC) will mainly focus on the situation of the global oil market. Rostam Qasemi said on Monday that the OPEC member states would also address [...]
TEHRAN, Iran — Iran is unhappy with the current oil prices, its oil minister said Monday, hinting at a proposal for the OPEC to lower its output to compensate for a drop in crude prices. “Iran’s suggestion has always been [...]
Iran Oil Ministry spokesman says Tehran is discussing falling crude oil prices with all OPEC member states particularly Saudi Arabia, reiterating that prices below USD 100 a barrel would be unreasonable. “Negotiations and consultations have begun with OPEC members and [...]
TEHRAN (FNA)- Iran and Iraq are in tight rivalry over the post of the Secretary General of the Organization of Petroleum Exporting Countries (OPEC) after speculations about Saudi Arabia’s retreat, Iranian Oil Minister Rostam Qassemi announced on Saturday. “Saudi Arabia’s [...]
AFP - Iran sees no need for an emergency meeting of the oil cartel OPEC over a recent drop in crude prices before the producers’ annual session at the end of May, Oil Minister Rostam Qasemi said on Saturday. “No extraordinary [...]
Saudi Arabia and Iran have both put forward candidates to replace the departed head of research at the Organization of the Petroleum Exporting Countries, Middle Eastern oil officials said Friday, as competition for influence in the group heats up between [...]
Iran will request an emergency meeting of the Organization of Petroleum Exporting Countries (OPEC) in case the oil price falls below 100 dollars per barrel, the Mehr News Agency quoted an unnamed official in the oil ministry as saying. Iranian [...]
OPEC’s biggest oil producers are in talks to supply extra crude to India as the nation prepares to halt purchases from Iran because of global sanctions, four people with knowledge of the matter said. Indian refiners, which are waiting for [...]
GENEVA/DUBAI, Jan 30(Reuters) – Iran’s crude oil exports in December leapt to their highest level since European Union sanctions took effect last July, analysts and shipping sources said, as strong Chinese demand and tanker fleet expansion helped the OPEC member [...]
