SHANA- Iranian oil and gas sectors are very much attractive to foreign investors because of low cast of production, a senior expert said on Monday. Speaking to Shana, Mahdi Asali added that Iran's oil and gas sector is very much attractive to the foreign companies in compare other investment opportunities in Iran. After execution of ...

  TEHRAN, June 01 (Shana) Iran supports every measure by the Organization of Petroleum Exporting Countries (OPEC) for restoring stability in the market and bringing crude oil prices to a fair and logical level, said Iran's OPEC Envoy Mehdi Asali. "Iran supports any OPEC move to induce stability to oil market with fair and logical prices,...

Irans OPEC representative says the country will continue ramping up oil production to reclaim its market share, a day after Saudi Arabia and Russia were said to have agreed on freezing output. The agreement turned attention to Iran which is in the midst of its bid to add 1 million barrels per day to its production by the end of the year to bring ...

TEHRAN, Dec. 15 (Shana) Member countries of the Organization of Petroleum Exporting Countries (OPEC) failed to reach a consensus to put a ceiling to the group's daily output on December 4. The members therefore decided to stick to OPEC's policy of producing oil as much as possible to squeeze out unconventional, non-OPEC producers. Shana held an interview ...

Iran said on Wednesday that a majority of member states of the Organization of Petroleum Exporting Countries (OPEC) support reducing the Organizations production to maintain prices. Most OPEC members excluding Saudi Arabia and the Persian Gulf littoral states agree with reducing oil production to maintain prices, said Mehdi Asali, Iran's national ...

Irans Minister of Petroleum Bijan Zangeneh has written to OPEC, calling on the organization to cut its production by 1.3 million barrels a day, the countrys OPEC delegate Mehdi Asali says. In his letter to OPEC Secretary-General Abdullah al-Badri, the Iranian minister asked the organization to stick toits output ceiling of 30 million barrels per ...

TEHRAN, Nov. 15 (Shana) Director General of OPEC affairs and energy forums at Irans petroleum ministry says GECF member states enjoy 45% of the global gas market share which is comparable with OPEC's oil market share in the world. Speaking to Shana ahead of the upcoming summit meeting of the Gas Exporting Countries Forum (GECF), Mehdi Assali ...

Oil prices have dropped in Asian markets amid speculations that a possible return of Iran's crude oil to the global market may cause a supply glut. US benchmark West Texas Intermediate for August delivery lost 17 cents on Tuesday to hit USD 60.21 a barrel in late-morning Asian trade, while Brent crude for August also fell 14 cents to USD 63.20. "The ...

TEHRAN June 13(Shana)--Global oil market will maintain its equilibrium even after Iran would have raised its crude exports, Irans national representative in OPEC said. Doubtlessly, the market will continue to remain balanced [event] after Irans return, Mehdi Assali told Shana. Iran is expected to increase its oil exports after international sanctions ...

Iran will increase crude exports with the end of international sanctions even if oil prices decline, the countrys representative to OPEC said, adding supply after a surplus sent Brent falling almost 50 percent last year. Iran can double oil exports within six months of sanctions ending, Mehdi Asali said, according to state-run Islamic Republic News ...