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Iranpress: OPEC, Russia agreed to cut oil production by 10m barrels a day

OPEC, Russia agreed to cut oil production by 10m barrels a day

Friday, 10 April 2020 02:31

OPEC and Russia agreed on Thursday to make deep cuts to oil production, ending a weeks-long market-share war that put further pressure on prices already reeling from the biggest demand collapse in history.

Iranpress: South Pars Gas Field’s production surpassed 700 million cubic meters daily

South Pars Gas Field’s production surpassed 700 million cubic meters daily

Monday, 06 April 2020 06:23

Tehran (IP) - The natural gas production of the gas field exceeded 700 million cubic meters daily with the installation of the jacket of Phase 11, the managing director of Pars Oil and Gas Company said.

Iranpress: Russia ready to cooperate on cutting oil production, Putin says

Russia ready to cooperate on cutting oil production, Putin says

Saturday, 04 April 2020 06:00

Russia is ready to cooperate with Saudi Arabia and the United States to cut oil production, President Vladimir Putin said Friday.

Iranpress: Blast in Iranian export gas pipeline inside Turkey

Blast in Iranian export gas pipeline inside Turkey

Tuesday, 31 March 2020 12:26

Tehran (IP) - The head of the Mako gas department in West Azerbaijan, northwest of Iran, reported the explosion of the Iranian export gas pipeline near the Bazargan border inside Turkey.

Iranpress: Saudi-Russian breakup could collapse oil prices

Saudi-Russian breakup could collapse oil prices

Sunday, 08 March 2020 10:36

An alliance between Saudi Arabia and Russia that has helped to prop up world oil prices for the past three years has collapsed, threatening to send the market into freefall.

Iranpress: Iran

Iran's Zangeneh: Today's OPEC meeting, a worst in history

Friday, 06 March 2020 22:00

Iran's oil minister called the joint OPEC and non-OPEC oil ministerial meeting the worst meeting in the organization's history ended on Friday, with no result.

Iranpress: OPEC and non OPEC exporters fail to agree on supply cut

OPEC and non OPEC exporters fail to agree on supply cut

Friday, 06 March 2020 21:38

OPEC and non-OPEC oil-exporting countries failed to agree on how much oil production to cut amid the coronavirus outbreak, with Russia reportedly refusing to give the green light to the deepest supply cuts since the global financial crisis.

Iranpress: Oil market, reeling from supply glut: Zangeneh

Oil market, reeling from supply glut: Zangeneh

Wednesday, 04 March 2020 15:51

Vienna (IP) – Iran's Minister of Petroleum has said there is an oversupply in the crude oil market, adding OPEC and non-OPEC producers need to discuss how to ensure market balance.

Iranpress: Russia: US sanctions will not affect Moscow-Caracas cooperation

Russia: US sanctions will not affect Moscow-Caracas cooperation

Wednesday, 19 February 2020 04:24

U.S. government announced that it had imposed sanctions against a subsidiary of Russian oil producer Rosneft and its vice president due to their alleged support for Venezuela in sanctions evasion.

Iranpress: Iran

Iran's oil Rig called 'Rig 72 Fath' inaugurated in Khuzestan

Tuesday, 18 February 2020 17:41

Tehran (IP) - Iranian Minister of Petroleum Bijan Zangeneh has inaugurated a domestically-built drilling oil Rig called 'Rig 72 Fath' in Southern city of Ahvaz in Khuzestan province, southwestern Iran on Tuesday.

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