Saturday 27 August 2016
 
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Iran

Iran sets terms for backing oil producers meet

Iran will help other oil producers stabilise the world market so long as fellow Opec members recognise its right to regain lost market share, the country' oil minister said on Friday ahead of next month's meeting of the oil exporters gro

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Oman promotes Opex event to be held in Iran

The organising committee of the Omani Products Exhibition (Opex) has begun its marketing campaign in Tehran, Iran, to promote the 6th Omani Products Exhibition, to be held next month, said a report. The committee recently organise

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Iran, Ecuador discuss ways to bolster oil prices

Iran and Ecuador on Wednesday discussed ways that the two countries can strengthen oil prices as Iran signals it may support joint efforts by exporters to prop up flagging crude. Iran has been boosting output since Western sanctio

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Iran’s trade surplus exceeds $3.4bn

Iran's trade surplus exceeded $3.4 billion during March 20 to July 21 in what is seen as its best post-sanctions trade performance of the country, said a report. Figures released by Iran Customs Administration revealed that no

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Turkey in talks to build $3bn power plant in Iran

Turkey’s Unit International plans to invest $3 billion on the construction of a 5,000-megawatt power plant in Iran, a report said. Unal Aysal, chairman of the Belgium-based energy firm, has concluded talks with Iran's En

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Iran signals willingness for Opec action

Iran is sending positive signals that it may support joint action to prop up the oil market, sources in Opec and the oil industry said, potentially aiding efforts to revive a global deal on freezing production levels at talks next month.

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Iran ‘will take part in Algeria Opec meeting’

Iran, Opec's third largest producer, has confirmed it will participate in the upcoming Opec meeting in Algeria next month, an Opec source said on Tuesday. Opec members will meet on the sidelines of the International Energy For

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Iran to award key oil projects to CNPC, Sinopec

Iran plans to award the development of two of its major oilfields to Chinese companies, an official of National Iranian Oil Company (NIOC) was quoted as saying in an Iran Daily report. China's CNPC and Sinopec will be

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German exports to Iran soar after removal of sanctions

German exports to Iran, mostly machines and equipment, jumped in the first half of the year following the removal of international sanctions against the Islamic Republic, official trade data showed on Monday. Exports to Iran surge

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Iran to start using new oil and gas contract

Iran's Vice President Eshaq Jahangiri has told the oil and finance ministries to start using the approved new draft for the Iran Petroleum Contract (IPC) for oil and gas deals, the Oil Ministry's news agency Shana reported on Monday.

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