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OPEC Archives - Page 11 of 11 - Iran News Daily
Iran to veto Saudi-proposed supply boost along with Venezuela, Iraq 19 Jun 2018

Iran to veto Saudi-proposed supply boost along with Venezuela, Iraq

TEHRAN – Iran’s representative to OPEC, Hossein Kazempour Ardebili, said Iran along with Venezuela and Iraq is going to veto Saudi Arabia’s proposal to increase oil production in cartel’s June 22 meeting in Vienna. Speaking to Bloomberg on Sunday, Kazempour said “If the Kingdom of Saudi Arabia and Russia want to increase production, this requires […]

Iran to veto Saudi-proposed supply boost at OPEC 18 Jun 2018

Iran to veto Saudi-proposed supply boost at OPEC

 Iran’s representative to OPEC said Sun. that the three bloc members, including Iran, Venezuela and Iraq, will veto Saudi Arabia’s proposal to increase oil production in Vienna this week. Speaking to Bloomberg, Kazempour Ardebili said the three OPEC founders, including Iran, Venezuela and Iraq, are going to stop a proposal to increase oil production that’s […]

Iran says OPEC won’t comply with U.S. request for Saudi output hike 10 Jun 2018

Iran says OPEC won’t comply with U.S. request for Saudi output hike

TEHRAN – Iran’s OPEC Governor Hossein Kazempour Ardebili on Friday slammed the U.S.’s request for Saudi Arabia to pump more oil so that it could cover a drop in Iranian exports, saying that OPEC would not comply with such requests. “It’s crazy and astonishing to see instruction coming from Washington to Saudi to act and […]

Iran’s oil output up 10,000 bpd in April: OPEC 15 May 2018

Iran’s oil output up 10,000 bpd in April: OPEC

TEHRAN- According to OPEC’s latest monthly report published on May 14, Iran’s oil production, based on secondary sources, stood at 3.823 million barrels per day (bpd) in April, rising 10,000 bpd from that of March. The country produced 3.813 million barrels per day of crude oil in March, the report read. The OPEC’s report also […]

Iran’s November oil output at 3.818m bpd: OPEC 16 Dec 2017

Iran’s November oil output at 3.818m bpd: OPEC

TEHRAN- According to OPEC’s latest monthly report published on December 12, oil production in Iran stood at 3.818 million barrels per day (bpd) in November, falling 2000 bpd from 3.820 million bpd in October, based on secondary sources. The OPEC’s report also announced Iran’s oil output based on direct communication. It said the country’s oil […]

U.S. firms “main losers” of sanctions: Zanganeh 02 Dec 2017

U.S. firms “main losers” of sanctions: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said U.S. energy firms are the main losers from the sanctions placed against his country. Speaking at the 173 OPEC meeting in Vienna on Thursday, Zanganeh called U.S.’s policy confusing and self-defeating, CNBC reported. “I don’t understand why U.S. companies cannot enter the Iranian market. They cannot […]

What to expect from OPEC’s 173rd meeting 29 Nov 2017

What to expect from OPEC’s 173rd meeting

In November 2016, OPEC nations joined hands with other oil producing countries like Russia, Mexico, Kazakhstan and Oman to rebalance an oversupplied oil market helping the prices surge from a dramatically low point. In doing so, nations that pump more than half the world’s oil, gathered in Vienna to make a landmark decision on cutting […]

Iran’s October oil output at 3.823m bpd: OPEC 15 Nov 2017

Iran’s October oil output at 3.823m bpd: OPEC

TEHRAN- According to OPEC’s latest monthly report published on November 13, oil production in Iran stood at 3.823 million barrels per day (bpd) in October, falling 12,000 bpd from 3.835 million bpd in September, based on secondary sources. The OPEC’s report also announced Iran’s oil output based on direct communication. It said the country’s oil […]

Iran Says Supports OPEC Output Cut Extension 18 Oct 2017

Iran Says Supports OPEC Output Cut Extension

TEHRAN – Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia said Iran is ready to back a deal to extend OPEC-led production cuts through the first quarter of 2018. “Yes, we will support (extending the deal),” Zamaninia was quoted by the Tass news agency as saying on Wednesday. OPEC clinched a historic deal […]