OPEC’s commitment to cutting production to clear a global glut is working, but the group needs to address rising output from Libya and Nigeria, Iran’s Oil Minister Bijan Namdar Zanganeh said.
News ID: 1351 Publish Date : 2017/09/26
Lukoil plans to keep pumping 100 million tons of oil per year between 2018 and 2027 with projects outside Russia, including potential investments in Iranian oilfields, to keep annual investment at $8-8.5 billion, the chief executive said on Saturday.
News ID: 1345 Publish Date : 2017/09/25
Ever since the invention of the internal combustion engine, oil has been one of the most crucial commodities on Earth
News ID: 1298 Publish Date : 2017/09/13
The new model of Iran's oil contracts is clear on all grounds, but there is still some ironing out to do over the terms of collaboration with foreign companies on raising the recovery factor in oilfields, the managing director of National Iranian Oil Company said.
News ID: 1293 Publish Date : 2017/09/13
Libya and Nigeria, the two OPEC members exempt from the current oil production cut deal, have been invited to participate in the producer group's latest ministerial committee meeting on Sept. 22.
News ID: 1274 Publish Date : 2017/09/07
OPEC’s second-largest producer is stepping up the campaign to get more for its oil by looking to revamp the way it sells crude to its biggest customers.
News ID: 1243 Publish Date : 2017/08/31
Iranian Oil Minister Bijan Namdar Zanganeh put the country’s oil production at 3.8 million barrels per day (bpd) of which 2.6 million barrels is exported to world markets.
News ID: 1234 Publish Date : 2017/08/30
Moscow and Tehran may soon agree upon conditions for the sale of 100,000 barrels of oil per day, according to the Russian energy minister.
News ID: 1203 Publish Date : 2017/08/20
Iran's Ghadir Investment Holding has signed a $7 billion agreement with Turkey's Unit International and Russia's state-owned Zarubezhneft to drill for oil and natural gas in Iran, the Turkish company announced on Tuesday.
News ID: 1188 Publish Date : 2017/08/17
Saudi Arabia is likely to support extending OPEC output cuts into the second half of 2017 in an effort to boost oil prices, according to a person familiar with the kingdom’s internal discussions.
News ID: 1089 Publish Date : 2017/04/13
TEHRAN - Iranian Oil Minister Bijan Namdar Zanganeh said on Tuesday the deal between OPEC and non-OPEC nations for cutting output could be further extended beyond June.
News ID: 1035 Publish Date : 2017/03/30
The announcement comes as Tatneft, Russia's sixth largest oil firm, signed a preliminary agreement earlier in the week to study Shadegan Oilfield in Khuzestan Province
News ID: 1024 Publish Date : 2017/03/10
Saudi oil giant Aramco will buy an equity stake in Malaysian firm Petronas' major refining and petrochemical project, pumping in $7 billion in its biggest downstream investment outside the kingdom, the companies said on Tuesday.
News ID: 1011 Publish Date : 2017/03/03
Despite the easing of sanctions, NITC tankers reportedly faced restrictions in berthing at European oil terminals until recently and foreign vessels carried Iran's crude to Europe
News ID: 883 Publish Date : 2017/01/20
OPEC oil production fell in December but remains well above levels envisaged under a recent deal that took effect in January, the organization's monthly report showed on Wednesday.
News ID: 880 Publish Date : 2017/01/20
OPEC's oil output in December fell from a record high ahead of a deal to cut production, a Reuters survey found on Thursday, helped by attacks on Nigeria's oil industry and top exporter Saudi Arabia trimming exports.
News ID: 842 Publish Date : 2017/01/08
Reuters:
Iran has sold more than 13 million barrels of oil that it had long held on tankers at sea, capitalizing on an OPEC output cut deal from which it is exempted to regain market share and court new buyers, according to industry sources and data.
News ID: 840 Publish Date : 2017/01/08
Venezuela said it will cut 95,000 barrels per day of oil production in the New Year in fulfillment of a producers' deal to reduce global output and strengthen prices.
News ID: 815 Publish Date : 2016/12/30
Tehran's nuclear deal with the world powers undid an international sanctions regime that had allowed countries and individuals to pillage national resources and inflict harm on the struggling economy, a top presidential aide said.
News ID: 806 Publish Date : 2016/12/30
Iranian ports loaded and unloaded more than 93.5 million tons of oil and non-oil products
News ID: 802 Publish Date : 2016/12/30
