It would be natural for Iran, which is faced with US sanctions, to be excluded from any OPEC decision to cut the group’s oil output, Iranian Minister of Petroleum Bijan Zangeneh said.

Iranian Minister of Petroleum Bijan Zangeneh said the country would support OPEC stance in the market but would not participate in any OPEC deals so long as Tehran is subject to sanctions.

Iranian Minister of Petroleum Bijan Zangeneh appointed Masoud Karbasian as the new CEO of the National Iranian Oil Company (NIOC) on Sunday.

National Iranian Oil Company (NIOC) CEO Ali Kardor delegated his powers as the company’s CEO to his deputy for production affairs, Mohsen Paknejad, on Tuesday.

The National Iranian Oil Company (NIOC) intends to continue offering oil cargoes on the Iran Energy Exchange (IRENEX), a senior NIOC official said.

Energy company Cuadrilla said Friday it has extracted shale gas in Britain for the first time since resuming fracking operations it halted in 2011 over environmental concerns.

The deputy chairman of the Hope Faction of the Iranian Parliament said Iran’s oil industry would continue to develop despite sanctions.

Iran’s annual 12th Iran Plast September 24-27 in the capital Tehran. A total of 35 countries showcased their products.

NIOC has priced each barrel of crude oil at the Iran Energy Exchange (IRENEX) at $71.59. The figure was previously announced at $76.29.

The first vice president, emphasizing Irans resistance to US sanctions, described the sanctions waivers for eight countries to buy Iranian oil as a sign of the US defeat and victory of Iran.