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Iran sees oil production steady amid Trump threats
Mar 17, 2018 10:10Iran will not raise oil production in the new Persian year which begins on Wednesday, Managing Director of the National Iranian Oil Company (NIOC) says.
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Iran plant stops flaring gas worth millions of dollars
Mar 03, 2018 10:50Iran is about to save $300 million a year after inaugurating an offshore project which will stop flaring gas in the Persian Gulf, a senior official was quoted as saying Saturday.
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Malaysia’s Petronas to study Iranian oil fields
Dec 22, 2016 09:47Malaysia’s Petronas has signed an agreement to study two Iranian oil fields – the latest in a wave of similar agreements that the country is awarding international energy giants over its most lucrative oil projects.
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OPEC agrees first oil production cut in 8 yrs: Informed source
Nov 30, 2016 12:20Delegates 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 11:31Minister 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.