Tag Archives: Fars News Agency

13 OPEC member states added a paragraph to the OPEC-non-OPEC Cooperation Charter in the organization’s 176th meeting to get the approval of Iran which had seriously opposed the charter.

OPEC agreed to extend cuts to their supply of oil to the international markets for another nine months as they seek more stable prices amid an increase in oil production in the United States.

Iranian Minister of Petroleum Bijan Zangeneh said the country was exempted from an agreement among OPEC members to continue capping the producer body’s crude oil output by 0.8 mbd.

Iran will simply mirror the level of commitment shown by the European side.

A prominent Iranian analyst voiced pessimism about the efficiency of the Europe-proposed Instrument in Support of Trade Exchange (INSTEX) for trade with Iran. stressing that the European states adopt all their measures in coordination with Washington.

Iranian officials announced that the construction of the 32-kilometer railway connecting the city of Shalamcheh in Southwestern Iran to Basra in Southern Iraq will kick off in the next few months.

Tehran lashed out at Washington for its attempt to wield influence on the Organization for Petroleum Exporter Countries (OPEC) through Saudi Arabia to undermine the role of Iran and Venezuela as the two major members of the oil cartel.

A senior official announced that Iran has exported $7.996 million worth of non-oil commodities from its Northeastern province of North Khorassan in the first three months of the current local calendar year (March 21- June 21).

Director General of Iran Air Touraj Zangeneh said that his company has achieved self-sufficiency in repairing and maintaining its fleet. despite the US unilateral sanctions.

The Europe-proposed Instrument in Support of Trade Exchange (INSTEX) should provide a comprehensive channel for financial transactions with the European states to wire back Iran'.s crude revenues. a senior Iranian legislator stressed.