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OPEC

Iran assumes rotating presidency of OPEC for 2025

Iran’s Oil Minister Mohsen Paknejad was appointed as Rotating President of the Organization of the Petroleum Exporting Countries (OPEC) Conference for 2025 by alphabetical order during a ministerial meeting on Tuesday which was held via videoconference and chaired by Marcel Abeke, the Gabonese petroleum minister and OPEC conference president for 2024.

Energy

New oil minister vows to consolidate Iran’s position in OPEC

Iran’s new Oil Minister Javad Owji says the country would move to regain its position as an influential member of the Organization of Petroleum Exporting Countries (OPEC).

Energy

OPEC+ to announce unprecedented oil output cut in days: Zanganeh

A draft agreement on oil supply cuts by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, would be finalized in the next days.

Energy

Iran says hopeful of future oil sales

The Iranian oil minister said on Sunday that his is confident the Iran’s oil sales will improve in the future despite the US sanctions.

Energy

Iran gives blessing to OPEC cut extension and OPEC+ charter

Iranian oil minister Bijan Zanganeh says the production cut deal as well as the OPEC+ Charter of Cooperation have been approved by Tehran that has been exempted from the cuts.

Energy

Iran skips OPEC production cut extension deal

The Iranian oil minister says the extension doesn’t involve Iran as the country is already suffering the consequences of US unilateral sanctioned reimposed last year.

Energy

Iran praises INSTEX ‘strategic value’, says it needs Tehran oil revenues

The Iranian foreign minister says the European payment mechanism isn’t enough but that it’s strategic. Also, the Iranian oil minister says the channel needs Iranian crude money as capital.

Financial Markets

Iran says OPEC unity necessary for cooperation with non-OPEC producers

The Iranian petroleum minister has called on the OPEC members to unite as the oil producing states and others are set to agree on production cut extension in Vienna meeting on Monday.

Energy

Iran says Trump should choose between sanctions or low US fuel prices

Oil prices have risen more than 30 percent this year on the back of supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC) and U.S. sanctions on oil exporters Iran and Venezuela, plus escalating conflict in OPEC member Libya.

Energy

Oil posts biggest quarterly rise since 2009 on OPEC cuts, sanctions

Oil prices rose some 1% to post the biggest quarterly rise in a decade. US sanctions on Iran and Venezuela as well as OPEC cuts have played big role in pushing global crude prices up.

Energy

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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