Mohsen Paknejd, the Iranian oil minister, was elected as the rotating president of the Organization of the Petroleum Exporting Countries (OPEC) on Tuesday.

Iran’s Minister of Economic Affairs and Finance Abdolnasser Hemmati, announced that Iran and the OPEC Fund have agreed to welcome Iranian private investors in joint projects.

OPEC Secretary General Haitham Al Ghais has acknowledged that Iran made significant progress in its oil industry in recent years despite crippling sanctions imposed on the country by the United States.

Iranian president has called for closer unity among the Organization of the Petroleum Exporting Countries (OPEC) member states in order to thwart divisive plots hatched by a number of Western governments. In a meeting with Secretary General of OPEC Haitham al-Ghais, held in Tehran on Saturday, Iranian President Ebrahim Raisi warned that a number ...

ran's production of oil increased in February by an average of 17,000 barrels per day (bpd), according to the latest figures by the Organization of the Petroleum Exporting Countries (OPEC). Excerpts of the report published by IRNA on Tuesday showed that Irans average oil output in February was 2.571 million bpd, up 1.06% from January. The ...

Iranian Minister of Petroleum Javad Owji said the supply of winter fuel is the most important priority of the oil industry, for the time being, adding, "Our effort is to strengthen Iran's position in OPEC and take back our markets." peaking on Thursday, the first day of his tenure, Mr. Owji said, I am a servant of the oil industry family; I have ...

A senior Iranian policy-maker has vowed support for market policies of the Organization of Petroleum Exporting Countries (OPEC). Ayatollah Ahmad Jannati, who currently leads Irans Constitutional Council as well as the Assembly of Experts, said on Thursday that Iran will continue to support the noble objectives of to help maintain stability in the ...

Irans 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. In a tweet on Tuesday, Kazem Gharibabadi wrote, I Had a fruitful consultation today with #OPEC SG #HEBarkindo. We ...