opec governor Archives - Iran News Daily

New OPEC Governor of Iran Appointed

reporter 1222 — Sun, 07 Jun 2020 11:35:04 +0000

TEHRAN (Iran News) – Iranian Deputy Oil Minister for International Affairs and Trading Amir-Hossein Zamaninia was officially appointed as Iran’s OPEC governor, replacing Hossein Kazempour Ardebili who died in mid-May.

The decision was made during the 179th meeting of the Organization of the Petroleum Exporting Countries (OPEC) conference which was held on Saturday via video conference, Shana reported.

Zamaninia was named Iran’s ad-hoc OPEC governor back in May following Kazempour’s demise.

Iran’s former governor to OPEC passed away on May 16 after suffering a brain hemorrhage and falling into a coma. Kazempour Ardebili, 68, died at a hospital in capital Tehran.

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Zanganeh attend OPEC meeting

reporter 1222 — Thu, 05 Dec 2019 07:54:26 +0000

TEHRAN (Iran News) – Iran’s Oil Minister Bijan Namdar Zanganeh landed in Vienna Thursday morning to attend the 177th meeting of the Organization of Petroleum Exporting Countries, known as OPEC, in order to assess the situation of this resource in the international market.

The Iranian minister is also is planning to hold talks with OPEC Secretary-General Mohammed Barkindo.

Reportedly, OPEC and allied oil producers will consider deepening their existing oil output cuts by about 400,000 barrels per day to 1.6 million BPD.

OPEC+ oil exporters have coordinated output for three years to balance the market and support prices. Their current deal, which agreed to cut supply by 1.2 million BPD from January this year, expires at the end of March.

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U.S. cannot zero out Iranian oil export

reporter 1222 — Sun, 16 Sep 2018 06:50:59 +0000

Iran’s OPEC governor Hossein Kazempour Ardebili has said the country’s rival producers cannot make up for the shortfall resulted from a complete halt in Iranian oil exports, Reuters reported on Friday.

According to the official, U.S. cannot reach its zero export target since the oil market is already tight and “There is no spare capacity anywhere.”

Washington is seeking to cut Iranian oil exports to zero by November as it reimposes sanctions, and is encouraging other producers such as Saudi Arabia, other OPEC members and Russia to pump more to meet the shortfall.

In his comments to Reuters, Kazempour noted that a “supply shortage” meant that the United States would not be able to cut Iranian oil exports completely.

A long-time adviser at Saudi Arabia’s Energy Ministry also said last month that current U.S. sanctions on Iran were unlikely to stop Iranian oil exports completely.

Speaking to the oil ministry’s news agency Shana, Kazempour also slammed OPEC for its weak performance saying “Saudi Arabia and the UAE have turned OPEC into a U.S. instrument”.

Under pressure from U.S. President Donald Trump to lower oil prices, the Organization of the Petroleum Exporting Countries and allies are trying to boost production to offset the shortage from Iranian oil cuts.

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