Iran and OPEC: How Will the Fight for Oil Production
Iran, which only recently received the right to freely trade its oil, is extremely dissatisfied with the fact that OPEC and a number of non-member countries, including Russia, which agreed at the end of 2016 to reduce oil production by 1.8 million barrels per day, are now redistributing quotas.
Oil Minister of Iran, Bijan Zanganeh, will attend the September meeting of the Joint Ministerial Monitoring Committee (JMMC) of OPEC and Russia and will probably press his OPEC partners to preserve original member production quotas, S&P Global Platts reports, quoting an Iranian oil ministry official.
When OPEC decided on the production quotas Oil Price
OPEC production quotas as expected Without giving any room for surprises, OPEC has agreed to keep the production quotas unchanged this time too. Meeting in Vienna on March 17, this is the fifth time since 2008 that the output levels have been kept unchanged.
The Islamic Republic of Iran’s President is HE Hassan Rouhani. The country is a Founder Member of OPEC. Did you know? The Dizin ski resort near Tehran sits at 3,800 metres and has several downhill runs. The Masjid-i-Solaiman, located in Khozestan province in the southwest of the Islamic Republic of Iran, was the country’s first oil well. It
Iran: Don’t Count On A New OPEC Deal OilPrice
OPEC’s meeting this Thursday in Vienna may not lead to an agreement to start reducing production, Iran’s OPEC governor said, as quoted by S&P Global Platts. Hossein Kazempour Ardebili said
OPEC plans to publish this week the quotas for individual countries under the new OPEC/non-OPEC production cut deal agreed upon on December 7 and in force since January 1, an OPEC source told
Iranian Oil Min Says Changes in Quotas Deal Not Possible
The Organization of Petroleum Exporting Countries (OPEC) and a number of non-member countries (OPEC+) agreed at the end of 2016 in Vienna to reduce oil production by a total of 1.8 million barrels per day from the level of October 2016. The deal came into force at the beginning of 2024 and has been extended twice, most recently until the end of
OPEC Member Countries’ historical production data, directly communicated or based on secondary sources, are available in OPEC’s Monthly Oil Market Reports. These reports can be viewed here .
Iran raps US envoy’s meetings with OPEC Press TV
'Iran must be exempted from oil output cuts' Upon arrival at Palais Hansen Kempinski Vienna, Zanganeh told reporters that Iran has always supported OPEC and its decisions for the stabilization of the market, but at this juncture, "Iran will not join any deal on production level as long as the sanctions are in
U.S. President Donald Trump and Iran exchanged sharp words over oil prices on Wednesday, with Trump blaming OPEC for high oil prices and Tehran accusing him of stoking volatility after he withdrew