OPEC+ deal meaningless without unanimity inside OPEC: Zanganeh
Iran’s Oil Minister Bijan Namdar Zanganeh voiced Iran’s support for an agreement between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers, saying, however, that such an agreement would be meaningless without an internal understanding inside the organization.
Iran oil refining capacity to reach 2.4 mbd by March
Plans are under way to bring Iran’s oil refining capacity to 2.4 million barrels per day by the end of the current Iranian calendar year to March 20, 2020.
NIDC drills 28 oil wells in Q1
The National Iranian Drilling Company (NIDC) successfully spudded 28 oil and gas wells over the first three months of the current calendar year, which began on March 21.
OPEC 176th meeting rescheduled for July 1
14 members of the Organization of the Petroleum Exporting Countries (OPEC) agreed to change the date of the upcoming OPEC meeting and the OPEC+ assembly from 25 and 26 of June to July 1 and 2, respectively.
South Pars platform 14B shipped toward installation spot
Platform 14B of Iran’s South Pars gas field (in the Persian Gulf) was shipped in Bandar Abbas, the capital city of southern province of Hormozgan, on Tuesday to be installed on its designated offshore spot, Tasnim reported.
IRENEX to offer light crude at $67.32 on Tuesday
The National Iranian Oil Company will offer two million barrels of light crude oil at the international ring of the energy exchange (IRENEX) on Tuesday (June 11) at the base price of $67.32 per barrel.
NIDC drills 17 oil wells in 60 days
The National Iranian Drilling Company (NIDC) spudded 17 oil and gas wells in the first two months of the current calendar year, which began on March 21.
NIDC to expand drilling operations in South Azadegan Oilfield
The National Iranian Drilling Company (NIDC), will complete the projects on drilling 23 wells in the giant South Azadegan Oilfield near the Iraqi border by the end of the current calendar year (March 20, 2020).
US plans to announce new set of sanctions against Iran: reports
The Trump administration is reportedly expected to announce additional sanctions on Iran within the coming week, targeting new sections of the Iranian economy.
US sanctions on Iran oil doomed to failure: Defense min.
Iranian Minister of Defense Amir Hatami voiced confidence that the US plans to drive Iran’s oil exports to zero will fail, saying the country’s many advances in defense industry took place under sanctions.