Oil Minister: Election removes obstacles for new contracts
Iran’s 12th Presidential election removed an important part of obstacles in the way of new oil contracts’ implementation, said Bijan Zangeneh, Minister of Petroleum on Wednesday. Bijan Zangeneh, on the sidelines of agreement ceremony for manufacturing CRA (corrosion resistant alloys) pipes, told reporters that the main topic of the OPEC…
OPEC output falls in December
The latest Platts survey of OPEC and oil industry officials and analysts show that oil production from the Organization of the Petroleum Exporting Countries and certain OPEC members fell in December, while Iran’s output was on the rise. Platts survey said oil production from the Organization of the Petroleum Exporting…
Some regional countries disturb int’l oil market notoriously
Deputy Petroleum Minister for International and Commercial Affairs said on Sunday current problems in oil market are due to notorious acts of some regional countries, which is their reaction to Iran’s regional and international successes. Speaking on Iran’s production quota in post-sanctions era, Amir-Hossein Zamani said that relying on proper…
OPEC ceiling indecision favors Iran: Official
Member countries of the Organization of Petroleum Exporting Countries (OPEC) failed to reach a consensus to put a ceiling to the group’s daily output on December 4. The members therefore decided to stick to OPEC’s policy of producing oil as much as possible to squeeze out unconventional, non-OPEC producers. Shana…
