Tag Archives: Organization of the Petroleum Exporting Countries (OPEC)

OPEC is counting on Russia to help sooth tensions between Iran and Saudi Arabia in order to help the global oil market stabilize.

The Iranian Oil Minister Bijan Zanganeh held separate meetings with his Armenian and Qatari counterparts in Moscow.

Iranian Minister of Petroleum has called on the Gas Exporting Countries Forum (GECF) member states to resist against pressure and imposition of opinions of some world powers. saying energy security should be in line with the interests of all countries.

The Iranian and Armenian ministers also discussed the latest bilateral plans between the two countries.

The relationship between Saudi Arabia and Russia brings an opportunity for ``perpetual stability`` in global oil markets.

Ecuador has been in breach of its promised production limits every month this year.

Iranian Oil Minister Bijan Zangeneh at the Russian Energy Week panel. while stressing depoliticization of energy sector. proposed setting the goal of achieving 30% share of natural gas in the world energy mix by 2040.

The Charter of Cooperation is a high-level voluntary commitment.

Head of the National Iranian Oil Refining and Distribution Company (NIORDC) Alireza Sadeqabadi said that his country is planning to increase its gasoline exports to 3 million tons a month to generate around 1.5 billion in revenues.

The Oil Ministry expects that the new island and related plans will allow it to almost double its export capacity within three years.