• Iran's Economic Council to allocate $6 billion for oil projects

    Iran's Economic Council to allocate $6 billion for oil projects

    Jul 11, 2020 15:52

    Tehran (IP) - The Iranian oil minister announced the $6 billion approval of the Economic Council to develop oil projects and said: "Since domestic oil resources are not enough to develop oil projects, these resources must be provided through the domestic capital market."

  • Gore-Jask pipeline most strategic oil project of Iran

    Gore-Jask pipeline most strategic oil project of Iran

    Jun 27, 2020 18:31

    Gore-Jask crude oil pipeline project, south of Iran, inaugurated by Iran's President on Thursday, June 26, is one of the most strategic gas and oil projects of the country. President Rouhani said that by Gore to Jask pipeline in a few months we will export one million crude oil barrels per day. 104/205

  • Gore-Jask pipeline, most strategic oil project of Iran

    Gore-Jask pipeline, most strategic oil project of Iran

    Jun 27, 2020 12:04

    Tehran (IP) - Gore-Jask crude oil pipeline project, south of Iran, inaugurated by Iran's President on Thursday, June 26, is one of the most strategic gas and oil projects of the country.

  • Gasoline price rises in Saudi Arabia

    Gasoline price rises in Saudi Arabia

    Jun 11, 2020 07:52

    Gasoline prices rose in Saudi Arabia following the fall in world oil prices and the outbreak of the coronavirus.

  • No Room for noncompliance over OPEC+ production cuts: Saudi Arabia

    No Room for noncompliance over OPEC+ production cuts: Saudi Arabia

    Jun 09, 2020 13:14

    Saudi Energy Minister Prince Abdulaziz bin Salman said during a virtual press conference on Monday that there is no room whatsoever for lack of conformity.

  • Iran: OPEC to keep cutting output if Non-OPEC agrees

    Iran: OPEC to keep cutting output if Non-OPEC agrees

    Jun 06, 2020 19:53

    Tehran (IP) - Iran’s Minister of Petroleum said OPEC ministers agreed on Saturday to continue cutting 9.6 Million Barrels Per Day (MMbd) from their output provided that non-member allies agree on it.

  • Iran names new OPEC governor

    Iran names new OPEC governor

    Jun 06, 2020 18:45

    Tehran (IP) - Iran’s Deputy Minister of Petroleum for International Affairs, Amir-Hossein Zamaninia, has been accepted as the country’s new OPEC governor.

  • OPEC and allies agree to extend record production cut

    OPEC and allies agree to extend record production cut

    Jun 06, 2020 17:13

    OPEC and its oil-producing allies agreed to extend their current deal to slash production that was set to expire at the end of June.

  • OPEC and OPEC Plus ministers meet on Saturday

    OPEC and OPEC Plus ministers meet on Saturday

    Jun 06, 2020 02:13

    The OPEC and OPEC Plus oil ministers' meeting, scheduled for June 9 and 10, will be held virtually on Saturday (June 6) at 2 and 4 p.m., Vienna time, respectively.

  • Putin, Al-Kadhimi discuss oil market, Syria over phone

    Putin, Al-Kadhimi discuss oil market, Syria over phone

    May 25, 2020 22:31

    During a phone conversation with Iraqi Prime Minister Mustafa al-Kadhimi on Monday, Russian President Vladimir Putin talked about the global oil market and the situation in Syria, the Kremlin said in a statement.