TEHRAN (ISNA)- OPEC's strategy of holding output steady is not working and the group's members should discuss production levels before its next meeting in June, Iran's oil minister said. Oil prices have halved from $115 a barrel in June last year, in a drop that deepened after OPEC refused to cut output and defend market share. Saudi Arabia was ...

By IRNA

Iran's Oil Minister Bijan Namdar Zanganeh says Tehran is willing to increase cooperation with China in the oil industry and energy sector once Western sanctions against the Islamic Republic are removed. This country [China], as one of the biggest buyers of Iran's oil, has been greatly cooperating with the Islamic Republic under conditions of sanctions ...

(Reuters) - The Organization of Petroleum Exporting Countries (OPEC) will be able to "coordinate itself" to accommodate Iran's return to oil markets without causing a price crash, Bijan Zanganeh, Iran's oil minister, said on Thursday during a visit to Beijing. Iran, once the No.2 exporter of OPEC, hopes to boost its exports by as much as one million ...

Beijing, April 9, IRNA Iran's Minister of Oil Bijan Namdar Zangeneh arrived in the Chinese capital on Thursday heading a delegation to discuss energy issues with senior Chinese officials. While in Beijing, the Iranian minister is to review investment opportunities in Iran and underline the need for further broadening energy cooperation between ...

Tehran, April 7, IRNA Irans oil minister is travelling to China to discuss oil sales and Chinese investments in Iran, days after Tehran reached a landmark framework agreement on its nuclear program with six world powers. Bijan Namdar Zangeneh is set to leave for China on Wednesday, the first by the minister since he took office in August 2013. The ...