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.
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.
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.
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.
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).
The Trump administration is reportedly expected to announce additional sanctions on Iran within the coming week, targeting new sections of the Iranian economy.
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.
Despite US’ unilateral sanctions on Iran, Dutch oil and gas companies still have a significant presence in the country, said an oil expert and the representative of a Dutch firm in the 24th round of Iran Oil Show.
The sales director of a South African firm said despite unilateral US sanctions on Iran, his company has no limitation for direct cooperation with Iranian businesses and corporations.
The CEO of the Export Guarantee Fund of Iran (EGFI) announced that the fund is to issue guarantees for oil purchaser of Iran Energy Exchange (IRENEX) and related negotiations with the Iranian oil ministry are underway.