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German cities turn off lights, impose cold showers amid fuel crisis
Jul 29, 2022 13:35Amid the worsening fuel crisis, German cities are switching off spotlights on public buildings, turning off fountains, and imposing cold showers on municipal swimming pools and sports halls to reduce energy consumption.
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Poland threatens to break ranks with EU over gas plan
Jul 29, 2022 06:38Poland threatens to veto any formal plan obliging the European Union’s member to cut gas consumption if such a plan is approved in a “qualified majority” vote not a unanimous one.
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Iran’s 4- month gas sales revenues exceed last year’s total: Minister
Jul 27, 2022 16:41Iran’s natural gas exports revenues in the four months to late July have exceeded figures reported for the entire calendar year to March, according to the Oil Minister Javad Owji.
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Turkey’s Erdogan says he will buy more oil, gas from Iran
Jul 27, 2022 06:40Turkish President Recep Tayyip Erdogan has announced that his country would increase its purchases of Iranian oil and gas, a week after meeting with his Iranian counterpart Seyyed Ebrahim Raeisi in Tehran.
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EU agrees to cut gas consumption as Russia squeezes supply
Jul 26, 2022 15:22European Union (EU) members have agreed to reduce gas consumption as a European energy crisis deepens with Russia's latest decision to tighten the squeeze on the flow of gas to the continent.
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Russia not to supply oil to world market if price cap imposed
Jul 21, 2022 08:47Russia's Deputy Prime Minister Alexander Novak says Moscow will not export oil to the world market if a price cap is imposed below the cost of production.
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Iran to pump gas from South Pars Phase 11 in winter: NIOC
Jul 20, 2022 18:10Iran will be able to extract natural gas from a difficult gas field in the Persian Gulf where development works have stalled for nearly five years because of American sanctions on the country, according to a senior official in the Iranian Oil Ministry.
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Israel won’t be allowed to extract from disputed Karish gas field if Lebanon’s rights not secured: Nasrallah
Jul 20, 2022 15:16The secretary general of Lebanon’s Hezbollah resistance movement says the Israeli regime will not be allowed to conduct drilling operations for oil and natural gas in the disputed area in the Mediterranean Sea until the West Asian country gets what it deserves.
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Iran, Turkey begin talks on 25-year gas supply deal
Jul 19, 2022 16:32Iran and Turkey have agreed to start negotiations on a new gas exports deal that will allow increased supply of natural gas from Iran to Turkey for a period of 25 years starting in 2026.
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Iran’s NIOC, Russia’s Gazprom sign $40bn investment deal
Jul 19, 2022 14:49The National Iranian Oil Company (NIOC) and Russia’s Gazprom have signed a “historic” deal worth $40 billion for joint investment in oil and gas projects.