A senior member of Iran’s nuclear negotiating team says Tehran and the P5+1 group of countries have reached an agreement on the removal of anti-Tehran sanctions, but minor issues still remain.
Tehran, YJC. Iran's oil minister has said the country will retain its OPEC quota very soon citing development of the oil fields. He said that the current stalemate in the oil market has been created by the western governments for political ends.
TEHRAN - Head of Iranian Ministry of Petroleum’s Oil Contracts Revision Committee says the U.S. oil companies taking position against Republican senators who recently wrote a letter warning Iran against a nuclear deal with the U.S. will be rewarded.
Tehran, YJC. Iran's oil export to Japan in January 2015 hit 192,000 barrels per day (bpd), showing a 34 percent increase compared to the month before, according to data released by Japanese authorities.
TEHRAN- Iran plans to boost the worth of its annual non-oil exports to $48-50 billion by the end of current Iranian calendar year (March 20, 2015), according to Trade Promotion Organization of Iran Director Valiollah Afkhami-Rad.
Tehran, YJC. India reduced its imports of oil from Iran in January in line with the government order which coincided with the US president’s visit to New Delhi.
SINGAPORE, Jan 28, 2015 (AFP) - Oil prices fell in Asia Wednesday as dealers await the outcome of a US Federal Reserve meeting and the release of a US supply report expected to show a surge in crude stockpiles, analysts said
SINGAPORE, Jan 26, 2015 (AFP) - Oil fell in Asia Monday after the anti-austerity party Syriza swept to victory in Greece's general elections, dealing a further blow to the struggling euro, analysts said.
Tehran, YJC. Management and planning chief said on Saturday recent drop in oil prices has already made the country to make do with a budget bellow $40 billion.
TEHRAN, YJC. In an address to huge gathering of people in the southern city of Bushehr on Tuesday, President Hassan Rouhani assured on Tuesday that Iran will not surrender under the plunging oil prices.