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Saudi Arabia mulls cutting oil exports by 1 million bpd: Report
Jul 19, 2017 12:25Saudi Arabia may unilaterally cut its oil exports by 1 million barrels a day (bpd) in the face of a market glut which is the result of years of overproduction.
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Iran sees strategic gains in Total deal
Jun 18, 2017 11:55As Iran is preparing to sing a much-delayed deal with the French energy giant Total over the development of a major gas project, indications are growing that Tehran is already looking at the political messages that the deal could send to the world.
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Iran names Russian firms to major project
Jun 17, 2017 12:42The National Iranian Oil Company (NIOC) has added four Russian companies and Azerbaijan’s state oil firm Socar to the list of firms qualified for development work in the Islamic Republic.
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Iran oil exports to West return to pre-sanction levels
Jun 10, 2017 14:27Iran’s hard-fought mission to recoup its oil market share in the West is almost complete after exports in May came within a whisker of pre-sanction levels.
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Iran, Russia sign ‘revised’ oil-for-goods deal
Jun 02, 2017 13:47Russia says it has signed a revised contract with Iran over a much-debated and long-delayed scheme to barter crude oil with goods and commodities.
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Iran signed deal with Gazprom over Farzad B: Zanganeh
May 31, 2017 14:58Iran says it has signed a basic agreement with Russia’s energy giant Gazprom over the development of Farzad B gas field – a project which the country has for long been negotiating with an Indian consortium.
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Total to ink $4 billion Iran gas deal before summer
May 27, 2017 14:30Iran will sign a $4 billion deal with France’s Total to develop phase 11 of the giant South Pars gas field before summer, Minister of Petroleum Bijan Zangeneh says.
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Iran not expecting OPEC call to cut output: Zanganeh
May 24, 2017 13:38Petroleum Minister Bijan Zanganeh says he does not expect the Organization of the Petroleum Exporting Countries (OPEC) to call on the Islamic Republic to reduce its oil production when it meets to discuss extending an oil output deal tomorrow.
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Iran to send oil minister to OPEC meeting in Vienna
May 23, 2017 16:47Iran's Oil Minister Bijan Zanganeh is scheduled to leave Tehran for Vienna to attend the 172nd meeting of the member countries of the Organization of the Petroleum Exporting Countries (OPEC).
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Iran says supports extending oil output cuts
Apr 16, 2017 15:11Iran has indicated its support for extending a crucial oil output agreement by world’s biggest producers that helped stabilize prices in markets since its implementation early this year.