Social and Events

The oil production at the South Yaran joint oil field in Khuzestan province in southwestern Iran (this field is called Majnoon field in Iraq) was increased as a result of drilling and commissioning of six new wells, said Head of South Yaran Oil Field Development Project Homayoun Kazemeini, Trend reports …

Saudi Aramco’s shares continued to decline during trading yesterday, despite Sunday’s historic agreement to reduce oil production that was reached by OPEC and the major oil producers in the world. Aramco shares were down 1.7 per cent by the end of trading yesterday having dropped 1.25 per cent on Sunday. …

Vladimir Putin’s deal with OPEC to cut oil output and boost prices three years ago was a triumph for the Russian leader, bolstering his clout on the global stage. But now he’s had to make stinging concessions after US President Donald Trump stepped in to end a price war. Amid …

The assistant for economic affairs at the Trade, Industry and Mining Development Corporation of Ilam province , Saeed Sharifi announced on Saturday that during the last Iranian year (ended 19 March 2020), one billion and 183 million dollars of goods were exported to Iraq through Mehran international borders. According to …

Iranian Majlis Speaker Ali Larijani and Mustafa Sentop, the Turkish parliament speaker, held a phone conversation on Wednesday discussing cooperation and joint actions in containing the coronavirus. Sentop also wished recovery for Larijani who has tested positive for coronavirus. The public relations department of the Majlis issued a statement on …

The meeting of ministers of OPEC and countries outside the cartel (OPEC+) is scheduled for April 9, 2020, Advisor to Azerbaijan’s Minister of Energy Zamina Aliyeva told Trend on April 7. Azerbaijan is ready to make its contribution to the process of global regulation of the oil market in order …

The head of the Organization of Industry, Mine and Trade of Gilan Province in northern Iran said on Monday that the non-oil export of the province surpassed reached $579 million dollars in the last Iranian year (ended March 19, 2020). Saying that the province had an acceptable record despite all …

The National Iranian oil Refining and Distribution Company has completed a new oil products storage terminal in northwestern Iran, named after slain military commander Qassem Soleimani, the semi-official news agency ILNA reported on Saturday. The terminal, in Orumiyeh, has the capacity to store 118 million litres of oil, gasoline and …

OPEC and its allies will not hold their emergency virtual meeting on Monday and will likely postpone it until April 8 or 9 to allow more time for negotiations among oil producers on crude supply cuts, two OPEC sources said on Saturday.

Iranian Ambassador to France Bahram Qasemi in a message on Saturday said that those who call for boosting sanctions and maximum pressure in the crisis-stricken world should be responsible for death of thousands of innocent people. Those who are speaking of sanctions and maximum pressures amid the coronavirus-crisis-stricken world and …