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TEHRAN, May 27 (Shana) — Iranian Minister of Petroleum Bijan Zangeneh says the 172nd meeting of member states of the Organization of the Petroleum Exporting Countries (OPEC) was the “simplest” one since 2013. Speaking following the Thursday meeting of OPEC members in Vienna, Austria, Zangeneh said, “This was the simplest meeting of the members in the past three years that ...

TEHRAN, May 24 (Shana) — Iranian Minister of Petroleum Bijan Zangeneh says extension of the output cut plan of the Organization of the Petroleum Exporting Countries (OPEC) seems to have been unanimously endorsed by the group’s members. Speaking on Wednesday, the official said: “Given the remarks voiced by oil and energy minister of OPEC member states, it is apparent that ...

TEHRAN, May 24 (Shana) — The National Iranian Oil Company (NIOC) signed Iran’s first oil contract with an international consortium comprising Spain’s Tubacex and Isfahan Steel Company in the post-sanctions setting.  

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LONDON – BP, Shell and Siccar Point Energy, announced first oil from the redeveloped Schiehallion Area, following completion of the multi-billion-pound Quad 204 project in the west of Shetland region, offshore UK. Schiehallion and the adjacent Loyal fields were first developed in the mid-1990s and have produced nearly 400 MMbo since production started in 1998. With the fields’ redevelopment through ...

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