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OPEC agrees first oil production cut in 8 yrs: Informed source
Nov 30, 2016 15:50Delegates attending the 171st ministerial meeting of the Organization of the Petroleum Exporting Countries (OPEC) have reached an agreement to slash oil production in a bid to prop up global prices, the first output cut since 2008, an informed source says.
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Oil prices may surpass $50 if all producers agree: Petroleum minister
Nov 19, 2016 15:01Minister of Petroleum Bijan Zangeneh has expressed optimism about an upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC) later this month, saying crude prices could surpass $50 a barrel if an agreement is reached.
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Norway’s DNO to study key Iranian oil field
Nov 17, 2016 10:23Iran has signed an agreement with Norway’s DNO to study the development of a key oil field which is believed to be jointly shared with Iraq in a yet another sign that shows Western companies are already welcoming the country’s lucrative post-sanctions investment opportunities.
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President inaugurates three oil fields in Khouzestan
Nov 13, 2016 14:04Iran has launched first phase production at three fields in its oil-rich Khouzestan province, bringing its total crude output closer to pre-sanction levels.
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Iran's oil minister "positive with oil freeze talks"
Nov 08, 2016 15:14Iran's Oil Minister Bijan Zanganeh says he is positive with oil freeze talks.
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Iran to sign gas production deal with France's Total: Oil minister
Nov 07, 2016 15:27Iran will sign a deal with France's Total on Tuesday for the development of gas production at a major offshore field in the Persian Gulf, the Oil ministry said.
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Iran says getting paid daily for oil sales
Nov 01, 2016 14:26Iran says it is receiving above $80 million in direct payments every day as a result of exports of crude oil to international markets.
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Iran’s oil sales to Asia up 92%
Oct 30, 2016 09:21Iran has reported a whopping jump in its oil exports to Asia, emphasizing that its supplies to the world’s largest consumption zone are now much closer to pre-sanctions levels.
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Japan’s imports of Iran’s oil up 26%
Oct 15, 2016 06:02The latest official figures show that Iran’s exports of crude oil to Japan increased by almost a quarter from January to August.
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Iran negotiating oil deal with Poland
Oct 10, 2016 17:57Iran says it is discussing a long-term deal to sell crude oil to Poland – what could widen the list of the country’s European oil clients once finalized.