TEHRAN, May 26, YJC - Iran’s Oil Minister Bijan Zanganeh says the country is in a stronger position to continue its oil policies after the re-election of President Hassan Rouhani this past Saturday.
TEHRAN, May 25, YJC - The Organization of the Petroleum Exporting Countries (OPEC) has agreed to extend until March 2018 an oil output cut deal that was sealed last year to help shore up prices.
TEHRAN, May 24, YJC - Iran’s Petroleum Minister Bijan Zanganeh said 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.
TEHRAN, May 13, YJC - The Philippines plans to buy 250,000 to 260,000 barrels per day of oil for use in a new refinery from Iran, President of state-own Philippines National Oil Co. (PNOC) Pedro Aquino said.
TEHRAN, May 11, YJC - An Iranian company said a top American technology leader plans to invest in an Iranian oil equipment production project – what could be the first direct investment by a US oil company in Iran after the 1979 Islamic Revolution.
TEHRAN, April 24, YJC - Iran ranked as South Korea's second-biggest oil exporter over the first three months of 2017 as it ramped up output to regain market share after sanctions were lifted last year, the first time ever it has claimed the No.2 spot for a quarter.
TEHRAN, April 22, YJC - Executives of oil and gas companies from about 18 countries are attending an international conference on petrochemical industry in Tehran to explore Iran’s emerging role in global markets.
TEHRAN, April 15, YJC - South Korea’s purchases of Iranian crude oil rose to record high in March and nearly doubled in the first quarter of 2017 from the year before, in a fresh testimony to Iran’s successful inroads into global markets.
TEHRAN, April 15, YJC - Managing Director of National Iranian Oil Company Ali kardor said Iranian Oil Ministry and Total are going to sign the final agreement on development of the Phase 11 of South Pars gas field by April 20.
TEHRAN, April 13, YJC - Iran’s Oil Minister says he expects the country’s overall oil production capacity to reach around four million barrels per day (mb/d) by next March.
TEHRAN, April 7, YJC - Oil market sources said Iran has sold all the oil it had stored at sea for years – a sign of the country’s positive performance in marketing its vital crude oil supplies.
TEHRAN, April 1, YJC - Total exports of crude oil and gas condensate by Iran neared a record 3 million barrels per day (bpd) in the Persian month of Esfand which ended on March 21, Minister of Petroleum Bijan Zangeneh says.
TEHRAN, March 13, YJC - Iranian Communications Minister Mahmoud Vaezi said at the start of a meeting with Russian Energy Minister Alexander Novak on Monday that the two men would discuss a deal to supply Moscow with 100,000 barrels of Iranian oil per day.
Iran says the member states of the Organization of the Petroleum Exporting Countries (OPEC) will not benefit if oil prices increase beyond $55 per barrel.