SHANA A former director of international affairs at the National Iranian Oil Company (NIOC) says: "When the United States put forward the issue of imposing sanctions on Iran's oil sales, it was said that Saudi Arabia and Russia could offset the void in the oil market by increasing their production, but the oil market stakeholders, right from the beginning,...

TEHRAN, Oct. 30 (MNA) A Fresh round of oil negotiations was conducted between Irans NIOC and Hungarys MOL Group over inking long-term crude sale contracts. Executive Director for International Affairs at National Iranian Oil Company (NIOC) Seyyed Mohsen Ghamsari made a visit to Budapest and began a new round of talks with MOL, the largest integrated ...

SINGAPORE, Sept 5 Iran is ready to raise its oil production to 4 million barrels per day (bpd) in the next two to three months depending on market demand, a senior official from the National Iranian Oil Company (NIOC) said on Monday. "We can increase crude production based on market requirement," Seyed Mohsen Ghamsari, the director for international ...

Oil markets will remain stable this year even as Iran plans to keep boosting crude exports to regain the market share it lost due to sanctions, according to a senior official at state-run National Iranian Oil Co. Iran exports about 2 million barrels of its daily output of 3.8 million, said Mohsen Ghamsari, NIOCs director of international affairs....

Iran must reduce its officialoil pricein order to hold its position in global oil markets, according to a report released byIran's official news agency, IRNA, on Tuesday. The officialsales pricefor oil must be lower to preserve Iran'smarket position and to retainclients, the report said. After Saudi Arabia lowered its sale price, Iran'soil ...

TEHRAN, Dec. 15 (MNA) Director of international affairs of National Iranian Oil Company said initial negotiations to export oil to Indonesia were over, however the final and definite deal was not reached yet. Mohsen Ghamsari emphasized that there were technical problems to export Iran oil to the Indonesia and its refineries had to be tested on whether ...