Shana Secretary-General of the Organization of Petroleum Exporting Countries (OPEC) Mohammed Barkindo praised Iran's constructive role in reaching consensus in the Algiers' meeting held on September 26-28. He made the remarks after a meeting with Iranian Minister of Petroleum Bijan Zangeneh. Reaching consensus in Algiers was not possible without ...

Daily look at Irans late-breaking news and upcoming events:   OPEC agrees modest oil output curbs in first deal since 2008 OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the groups leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices. Hamas ...

OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices. "OPEC made an exceptional decision today ... After two and a half years, OPEC reached consensus to manage the market," said Iranian Oil Minister ...

TEHRAN, Sept 27 (Shana) Minister of Petroleum Bijan Zanganeh says oil is not an arm to be used for harming the rivals. Oil is not an arm and it should not be used as a lever to harm the rivals and materialize political objectives, said Zanganeh in an address to the First specialized session of the International Energy Forum (IEF) in Algiers on ...

TEHRAN, Sept 27 (Shana) Minister of Petroleum Bijan Zanganeh met and conferred with Algerian Prime Minister Abdelmalek Sellal and Iraqi Minister of Petroleum Jabar Ali al-Luaibi on the sidelines of the 15th session of the International Energy Forum (IEF) in Algeria on Tuesday. The sides talked about oil market conditions. The OPEC members are ...

TEHRAN, Sept 27 (Shana) Iranian Minister of Petroleum Bijan Zangeneh said Iran favors cooperation of OPEC and non-OPEC crude oil producers for restoration of market stability, saying the quota system for OPEC suppliers will have to be restored in the mid or long term and there would be no other choice. Speaking in Algeria Tuesday morning prior ...

TEHRAN, Sept 26 (Shana) Iranian Minister of Petroleum Bijan Zangeneh says the upcoming informal meeting of the member states of the Organization of Petroleum Exporting Countries (OPEC) in Algeria on Wednesday is not expected to be anything more than a "consultative gathering" of crude oil suppliers. Speaking to Shana while departing Tehran for ...

TEHRAN, Aug. 26 (MNA) Iranian Oil Minister Bijan Zanganeh has announced that he will participate in a meeting of OPEC ministers in Algeria in September. Speaking to reporters on Friday morning, the Iranian minister confirmed his intention to take part in the forthcoming OPEC meeting towards the end of next month to be held on the sidelines of an ...

Fuelling speculation of co-ordinated action to prop up prices in the face of persistent oversupply Oil prices reversed their losses on Thursday after Iran confirmed it would attend a meeting of Opec ministers in Algeria next month, according to the countrys state news agency Shana. For several days oil prices had escalated in response to reports ...

TEHRAN, Aug 25 (Shana) Minister of Petroleum Bijan Zanganeh said on Thursday he will take part in the OPEC closed door session, that will be held on the sidelines of the International Energy Forum, in Algeria. Talking to Shana on the sidelines of his Boushehr visit, Zanganeh said the OPEC meeting is slated for late September. OPEC members will ...