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HomeIran oil

Iran oil

Iran and India at odds over Oil import cut, trade blames and threats
Iran Latest News

Iran and India at odds over Oil import cut, trade blames and threats

April 7, 2017 Ahmed Rashed

Iran’s oil minister dismissed India’s decision to cut oil imports from Tehran in 2017/18 by a fifth as a threat on Wednesday, in an escalation of a dispute over a giant gas field contract. Sources [ More … ]

Iran Latest News

Iran satisfied about oil production cooperation with OPEC

February 28, 2017 Ahmed Rashed

Iran expressed its satisfaction about the latest deal with OPEC that included cutting the oil production to support its international prices, giving reaffirms and hope about future cooperation. The Organization of the Petroleum Exporting Countries [ More … ]

Will Iran accept OPEC's offer and cut its oil production?
Iran Latest News

Iran to start gas pumping to Iraq on Tuesday

January 22, 2017 Ahmed Rashed

Iran will begin next Tuesday the operation of a pipeline supplying natural gas to Iraq, Iran’s oil minister said Saturday, after the initial agreement were signed in 2013 but implementation was delayed many times. Iraqi [ More … ]

Will Iran accept OPEC's offer and cut its oil production?
Iran Latest News

New companies compete to develop Iran’s oilfields

December 26, 2016 Ahmed Rashed

Iran plans to announce a bid between the international oil companies for the second phase of development of its Yadavaran and North Azadegan oilfields after huge oil companies have already made agreements to develop some of Iran’s oil [ More … ]

Will Iran accept OPEC's offer and cut its oil production?
Iran Latest News

How Iran is using Oil output as a pressure tool in regional power conflict

November 23, 2016 Ahmed Rashed

OPEC is moving closer toward finalizing this month its first deal since 2008 to limit oil output, with most members prepared to offer Iran significant flexibility on production volumes, after Iran refused to reduce its [ More … ]

Column: Why OPEC can’t get Iran to cut oil production
Egypt Latest News

Column: Why OPEC can’t get Iran to cut oil production

November 3, 2016 Ahmed Rashed

OPEC members have in recent months repeatedly met to discuss production cuts. The cartel’s members are suffering from the dramatic decline in oil prices over the past two years, which has seen crude dropping to [ More … ]

Iran hopes Russia, Saudi can agree on oil market moves
Iran Latest News

Iran hopes Russia, Saudi can agree on oil market stabilise moves

October 23, 2016 Ahmed Rashed

Iran hopes non-OPEC Russia and OPEC heavyweight Saudi Arabia can agree to coordinate on possible actions on the global oil market, as both countries’ ministers met on Sunday. “I hope the two sides can reach an [ More … ]

Column: Iran is Its Own Worst Enemy For Oil Development
Column

Column: Iran is Its Own Worst Enemy For Oil Development

October 22, 2016 Ahmed Rashed

Despite Iran’s efforts to re-enter the oil market, and amid promises two years ago by the country to open up the industry to foreign market after the sanctions against it were lifted, investors are still [ More … ]

Iran Latest News

The agreement of cutting oil production “deferred” to November

September 30, 2016 MEO Staff

For years, debates in the OPEC conference rooms were dominated by clashes between top producer Saudi Arabia and its arch-rival Iran. Finally, the two rival countries agreed that they need to cut crude output to [ More … ]

OPEC Agrees To Limit Oil Output, prices expected to rise
Iran Latest News

OPEC Agrees To Limit Oil Output, prices expected to rise

September 29, 2016 Ahmed Rashed

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 [ More … ]

Iran Latest News

UAE agrees to support an oil freeze initiative, Saudis & Iran battle in Algeria

September 27, 2016 MEO Staff

The United Arab Emirates will back a global deal to freeze or reduce oil production, which would help boost prices for OPEC nations, reported Reuters. This decision comes while the OPEC countries are meeting for [ More … ]

Iran Latest News

Saudi Arabia and Iran are playing a game of barrels in India

September 20, 2016 MEO Staff

New reports revealed that India received about 576,000 barrels per day (bpd) of Iranian oil in August, up about 10 percent from July, making India’s Iran oil imports surge to highest in at least 15 [ More … ]

Why some are accusing Rouhani of playing the woman card?
Iran Latest News

Rouhani: Iran supports any move to stabilize oil market

September 18, 2016 Ahmed Rashed

Iranian President Hassan Rouhani said Tehran supports any move to stabilize the global oil market and lift prices, the Iranian oil ministry news agency SHANA quoted him as saying on Sunday. “Instability and falling oil [ More … ]

Column: Saudi-Iran Oil Rivalry Heats Up as OPEC Seeks Stable Prices
Column

Column: Saudi-Iran Oil Rivalry Heats Up as OPEC Seeks Stable Prices

August 10, 2016 Ahmed Rashed

Saudi Arabia and Iran are giving no ground in their market share war, just days after OPEC announced an informal meeting to discuss ways to stabilize falling prices. Oil’s return to a bear market last [ More … ]

Saudi Arabia Decreases Asian Oil Prices to Counter Rivals Exports
Saudi Arabia News

Saudi Arabia Decreases Asian Oil Prices to Counter Rivals Exports

August 5, 2016 Ahmed Rashed

Under pressure from Russian, Iraqi and Iranian oil exports, Saudi Arabia discounted its crude last weekend to maintain its share of big Asian markets. The price cut, which applies to September purchases, comes after two [ More … ]

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