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Iraq will need ‘suitable’ Iranian gas for years, says Iraqi minister
Apr 05, 2022 11:34The Iraqi electricity minister has described gas imports from neighboring Iran as suitable and inexpensive, saying his country “will need Iranian gas for years.”
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Iran’s oil and gas reserves estimated at 1.2 trillion barrels: NIOC chief
Apr 03, 2022 05:50Iran has the equivalent of over 1.2 trillion barrels of oil and gas as a senior Oil Ministry official says the country will be able to tap those reserves for at least a century from now.
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Iran ends holiday season with daily gasoline use at above 120 mln
Apr 03, 2022 05:40Iran’s daily gasoline consumption continued to rise on last days of the Persian New Year holiday season ending April 2 despite warnings by government authorities that the growing use may cause the country to resume imports of the fuel nearly a decade after domestic production reached a point of self-sufficiency.
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Day 37: Europe faces gas deadline as Russia vows 'harsh response'
Apr 01, 2022 12:49European buyers of Russian gas faced a deadline to start paying in rubles on Friday as Moscow pledged to respond to EU sanctions and limit supplies of agriculture products to unfriendly countries.
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Iran to nearly double gas storage capacity to 6 bcm
Apr 01, 2022 10:49The Iranian Oil Ministry plans to expand its underground gas storage (UGS) facilities in center and northeast of the country to allow better management of gas resources during cold winter months.
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Kuwait says Iran is no party to development works at disputed gas field
Mar 30, 2022 05:12Kuwaiti authorities insist development works at a disputed gas field in the Persian Gulf should exclude Iran despite clear statements from Iranian authorities suggesting they will soon start tapping the field.
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Iran draws up gas field development plan after Saudi-Kuwaiti move
Mar 28, 2022 11:30An official says Iran has worked out a plan to develop its part of the Arash natural gas field shared with Saudi Arabia and Kuwait after the two Arab states announced having signed a document to build the reservoir without Tehran's participation.
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Iran: Saudi-Kuwaiti deal to develop Arash gas field in Persian Gulf 'illegal'
Mar 26, 2022 13:24Iran says it reserves the right for drilling in Arash gas field in the Persian Gulf, warning that an agreement between Saudi Arabia and Kuwait to produce gas at the shared field is illegal.
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Iran launches last refinery in South Pars gas field
Mar 17, 2022 20:26Iran has finally brought on line a major refinery project that runs on natural gas extracted from South Pars, the world’s largest gas field located in the Persian Gulf, which is shared between Iran and Qatar.
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Average US gas price rises 22% in two weeks to record $4.43
Mar 14, 2022 09:48The average regular-grade gasoline prices rose 22 percent over the past two weeks amid Western sanctions on Russia over its military operation in Ukraine which disrupted the global energy market.