Irans Oil Minister Javad Owji says Europe will badly need supplies of oil from Iran this winter as he insists skyrocketing prices of natural gas in the continent have already push many consumers to switch to crude-based fuels. Owji said on Monday during a virtual meeting of the global OPEC+ oil producers that unit prices of natural gas had reached ...

A report released by the Organization of the Petroleum Exporting Countries (OPEC) indicates that Iran has earned more than $25 billion in revenue from oil exports in 2021. OPEC reported $560 billion in revenue from oil sales in 2021 in its annual report, which shows a 77 percent increase in comparison with a year earlier. OPEC's 13 members' revenue ...

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 ...

Iran says it will not accept any limit to its exports of oil when the situation normalizes with the removal of the most draconian US sanctions on the country. Tehran is facing a race against time to reclaim its standing in the global energy market as producers plan to ramp up oil production through the end of 2022. President Ebrahim Raeisi, who ...

  Iran has pumped steady amount of crude in July despite a 15-month record production reported by the Organization of Petroleum Exporting Countries (OPEC), a survey shows. Reuters news agencys analysis of data released by OPEC members in July showed that Irans exports was steady over the month compared to June when it had exported more than ...

Iranian Oil Minister Bijan Namdar Zanganeh says a Tuesday decision by an international grouping of oil producers known as OPEC+ to slightly narrow supply cuts agreed for January would not have a significant impact on global prices. Zanganeh said after an OPEC+ ministerial meeting on Tuesday that planned increase in output by Russia and Kazakhstan ...

Iranian Oil Minister Bijan Namdar Zanganeh has supported calls within the Organization of Petroleum Exporting Countries (OPEC) for continued cuts to global supply of crude, saying the oil cartel is right to be cautious about the future of a market which has been deeply affected by the spread of the coronavirus pandemic. Zanganeh said after a Monday ...

Irans oil industry will not succumb to sanctions imposed by the United States, the oil minister said on Monday in comments carried by the ministrys SHANA news agency. Tensions between Washington and Tehran have soared since President Donald Trump withdrew in 2018 from Irans nuclear accord with six powers and reimposed U.S. sanctions that have squeezed ...

An Iranian-flagged oil tanker left Venezuela on Friday for Iran's Kharg Island, Refinitiv Eikon data showed, after the vessel loaded 1.9 million barrels of heavy crude at the South American country's Jose oil terminal. The shipment marks the latest example of cooperation between the two OPEC nations this year as they step up commercial ties to try ...

SHANA - Question 1: What is your countrys historical connection to OPEC and how has it influenced your countrys development? Answer: Nationalization of the oil industry in IR Iran by Dr Mossadeq's administration is an important milestone in the history of our countrys oil industry. Although this important historical development was influenced ...

Daily look at Irans late-breaking news and upcoming events:   Iran rejects rumors about revenge on top. Gen. assassination Tehran has categorically dismissed the rumors by American media about the Islamic Republics plan to carry out an assassination plot as revenge for the assassination of its top anti-terror General, Qassem Soleimani.  ...

Reuters - Iran supports OPEC as far as the group protects Iranian interests alongside other members, Irans OPEC governor Amir Hossein Zamaninia was quoted as saying on Monday by the oil ministrys news agency SHANA. We support OPEC as far as the interests of the Islamic Republic of Iran are served in a balanced way with other members. Otherwise, ...

Reuters - OPEC has managed to raise crude prices and stabilise the oil market, OPEC member Irans oil minister was quoted on Monday as saying by his ministrys website SHANA. OPECs performance has been successful because the price of oil has risen from $16 in May to around $45 and has stabilised, Bijan Zanganeh said. The Organization of the Petroleum ...

SHANA -- Non-OPEC ministers gave the nod to OPECs earlier proposal for extending for another one month the previously reached agreement on cutting 9.6 mb/d from their output in a bid to help shore up prices. The extension did not include Mexico with a previously pledged 100,000 b/d cuts. The agreement came in a videoconference meeting held immediately ...

SHANA -- Irans deputy minister of petroleum for international affairs, Amir-Hossein Zamani-Nia, has been accepted as the countrys new OPEC governor. Zamani-Nia, who is replacing Hossein Kazempour-Ardebili who died last month, won OPECs agreement during a ministerial meeting on videoconference on Saturday. OPEC ministers approval for the governor ...

Bloomberg | Grant Smith and Golnar Motevalli: He survived a bombing that left him badly wounded, shrugged off accusations of arms smuggling, and defended Irans oil interests through war and sanctions. Hossein Kazempour Ardebili, who died on Saturday, was one of the ultimate OPEC negotiators. Kazempour -- steely, charming, and combative -- was Irans ...

SHANA -- Iran's OPEC Governor Hossein Kazempour Ardebili died early Saturday after suffering a brain hemorrhage and spending nearly two weeks in a coma. He was a veteran negotiator and shepherded Iran's oil policy in OPEC. Iranian Minister of Petroleum Bijan Zangeneh immediately expressed his deepest feelings about Mr. Kazempour's demise. He ...

Reuters - Irans OPEC Governor Hossein Kazempour Ardebili is in a coma after a severe brain haemorrhage, SHANA, the news site of the Iranian oil ministry, reported on Sunday. He was hospitalized on Friday, SHANA said, without providing any additional details. Kazempour Ardebili is a key figure in Irans oil industry and served as the countrys deputy ...

Press TV - Irans Oil Minister Bijan Namdar Zanganeh says a draft agreement on massive cuts to the global oil supply would be finalized in a matter of days after major producers around the world agreed to reduce output to control the prices in the markets. Zanganeh said on Friday the draft agreement on cuts agreed between members of the Organization ...