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March 27, 2025
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OPEC+
Iran Lifts Its Rank in OPEC
Saturday, 29 June 2024 14:58
Tehran (IP)- Iran has overtaken Kuwait and Nigeria to be the fourth largest crude/condensate exporter of OPEC.
Kazakhstan to compensate for exceeding OPEC+ quota in March
Monday, 15 April 2024 20:39
Kazakhstan will compensate for exceeding its oil production quota under the OPEC+ agreement in March, the country’s Energy Ministry said in a statement on Sunday.
Iran's Owji, OPEC Secretary General discuss oil market
Saturday, 02 March 2024 18:17
Algiers (IP): Iran’s Oil Minister Javad Owji and OPEC Secretary General Haitham Al Ghais exchanged views on developments in the global oil market in Algiers, the capital of Algeria, on Saturday.
Petroleum minister leaves for Algiers ahead of Raisi's trip
Friday, 01 March 2024 14:51
Tehran (IP) – Iran’s Petroleum Minister Javad Owji departed for Algiers on Thursday before the president’s trip to the capital of Algeria, the venue of the 7th Gas Exporting Countries Forum (GECF) Summit of Heads of State and Government.
Brazil to join OPEC+, Petrobras CEO says
Saturday, 02 December 2023 18:54
The chief executive of state-run oil firm Petrobras said that Brazil is expected to join the OPEC+ group of oil-producing countries in January but would not take part in the group's coordinated output caps,.
OPEC+ to reduce oil production by 2.2 mln bpd
Friday, 01 December 2023 09:31
Vienna (IP) : A number of OPEC+ countries will voluntarily reduce oil production in the first quarter of 2024 by 2.2 million bpd, the organization said in a press release.
Brent oil slips toward $80 ahead of OPEC+ meeting
Monday, 27 November 2023 16:07
Oil prices slipped on Monday, with Brent falling toward $80 a barrel, as investors waited for an OPEC+ meeting later this week for an agreement expected to curb supplies into 2024.
Iran-Russia cooperation contributes to regional progress: Owji
Friday, 13 October 2023 04:52
The Oil Minister on Thursday said Iran-Russia cooperation paves the way for the progress of not only the two nations but also regional states.
Aramco boss forecasts strong China oil demand
Tuesday, 08 August 2023 18:35
Global oil demand will remain resilient despite a recent voluntary production cut by Saudi Arabia and economic headwinds facing major crude consumer China, according to Saudi Aramco’s chief executive, Amin Nasser.
Iran has returned to the fourth position in oil production within OPEC
Friday, 14 July 2023 21:17
IP- In June 2023, Iran produced 2.754 million barrels of oil, reclaiming its position from Kuwait after one year and seven months.
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