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News // Middle East and OPEC

Iranian President: No limit for oil production and exports

President Hassan Rouhani said that Iran has no limit for oil production and exports in the coming months.

05 December 2016 , 10:03Neftegaz.RU9660

Opinion: All eyes on Russia in wake of Opec deal

Oil traders’ attention will turn to Russia following Opec’s landmark decision on crude output, said a prominent petro-economist.

01 December 2016 , 12:33Neftegaz.RU6380

OPEC has reportedly agreed a production cut — and oil is going wild

The price of oil is surging after reports that the oil producers cartel OPEC has agreed a deal to cut output.

30 November 2016 , 18:04Neftegaz.RU7950

OPEC focusing Pre-Vienna diplomacy on Iran, Russia - which is holding firm on a production freeze, not cut

With only a few days to go before OPEC Vienna meeting to ratify its oil cutback deal, and amid disturbing developments such as Saudi Arabia saying it will not attend a pre-meeting of non-OPEC members.

28 November 2016 , 11:03Neftegaz.RU6960

Maduro: Venezuela has the OPEC deal in the bag

After earlier this week OPEC tabled the issue of Iran’s and Iraq’s participation in the OPEC deal until November 30, the markets might have thought there would be little jawboning left to do until that day. But not so fast.

25 November 2016 , 17:37Julianne GeigeNeftegaz.RU5610

Iran optimistic on OPEC production cuts after Barkindo visit

Iranian Oil Minister Bijan Zanganeh said he’s optimistic that OPEC members will agree to proposed production cuts at a meeting in Vienna later this month.

22 November 2016 , 14:09Neftegaz.RU5950

Let's consider freezing oil production, Russia says

Major oil-producing nations could implement a freeze in output levels as a tool to bring the market back into balance, Russia's energy minister said.

21 November 2016 , 13:00Daniel J. GraeberNeftegaz.RU5250

Russia stirs oil production proposal pot

Talks over production levels are expected to yield positive results, including any talks with Iranian representatives gathered in Doha, a Russian minister said.

18 November 2016 , 12:05Daniel J. GraeberNeftegaz.RU6080

Saudi Arabia and Russia to meet ahead of OPEC meeting

Saudi Arabia’s Energy Minister Khalid al-Falih and his Russian counterpart Alexander Novak are said to be heading to Qatar later this week for an unscheduled meeting, according to industry sources quoted by Reuters.

16 November 2016 , 18:00Tsvetana ParaskovaNeftegaz.RU6600

Hyundai and Saudi Aramco sign contract for Uthmaniyah ethane recovery

Hyundai and Saudi Aramco have inked contracts for the company’s Uthmaniyah Ethane Deep Recovery Project.

16 November 2016 , 16:02Neftegaz.RU21340

Israel energy minister hopeful on gas export

Israel's energy minister Yuval Steinitz sees a very rosy future for Israel's natural gas economy in general and for gas exports in particular.

15 November 2016 , 14:11Ya'acov ZalelNeftegaz.RU6500

Iran stopping gasoline imports

Managing Director of the National Iranian Oil Refining and Distribution Company (NIORDC) Abbas Kazemi says after 36 years, Iran will stop gasoline imports.

14 November 2016 , 17:32Neftegaz.RU5210

Russia and Iran sign flurry of energy deals. What’s next?

As lifting of sanctions on Iran boosted the influx of Iranian crude into international oil markets, some analysts and industry experts reckon that Iran and Russia are likely to be forced to compete with each other for market share in European and Asian markets, especially in the wake of growing tensions between Russia and Europe.

14 November 2016 , 00:09Ekaterina PokrovskayaNeftegaz.RU18360

Analysts worry that Trump win puts pressure on Opec deal

Even though their political predictions were once again proven spectacularly wrong with the surprise election of Donald Trump as the 45th U.S. president, analysts lost no time worrying that his win will upset OPEC attempt to prop up oil prices.

10 November 2016 , 14:11Neftegaz.RU4890

High drama in Vienna causes some observers to think Saudis are bent on quashing output deal

By most counts, the long-standing rivalry between Saudi Arabia and Iran flared up again at the worst possible time, reportedly during the recent meeting among OPEC that was intended to pave the way for ratification of an oil output reduction deal later this month.

08 November 2016 , 18:00Neftegaz.RU7210

Russian Energy Minister discussed with OPEC SecGen the situation on the oil market

Russia is a crucial partner in addressing energy challenges and both sides are committed to stable oil markets, said OPEC Secretary General Mohammed Barkindo.

24 October 2016 , 15:31Neftegaz.RU6600

Total in search of win-win deals in Iran

Representative of France's energy giant Total says his company is seeking to strike win-win deals with Iran in order to transfer technical savvy and capital to the OPEC-member crude oil supplier.

24 October 2016 , 13:00Neftegaz.RU6420

Iran says $40/barrel enough for lucrative investments in its oil fields

 A senior Iranian oil official says the price of crude oil at about $40 per barrel would be enough for foreign developers to make lucrative investments in Iran's oil fields.

20 October 2016 , 10:11Neftegaz.RU8970

Russia says 6-month oil output freeze most efficient

Freezing global crude oil production for 6 months with an option for an extension would be the most appropriate and efficient way to rebalance the market, said Russia’s Energy Minister Alexander Novak.

18 October 2016 , 10:08Tsvetana ParaskovaNeftegaz.RU6530

Venezuela president about Russia and «new mechanism» for higher oil prices

The price of crude has recovered in the last days but the recent period of low oil prices has been deeply hurtful for producers like Venezuela who are heavily dependent on crude exports.

12 October 2016 , 14:26Neftegaz.RU7390

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