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Iranian city of Ahvaz hosts major oil firms to boost crude output
Feb 10, 2023 08:53Iran's oil rich city of Ahvaz is hosting 270 local firms active in the production of petroleum equipment as well as contractors of mega oil projects to take part in the second Ahvaz Oil Show.
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Rebuffing Western pressure, India says it will buy oil from ‘wherever is beneficial’
Feb 08, 2023 15:26Indian minister of petroleum and natural gas says New Delhi will buy the oil it needs from wherever it is beneficial and not give in to Western pressure.
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Iran's international achievements after Islamic Revolution
Feb 03, 2023 13:08Iranians are celebrating the 44th anniversary of the 1979 Islamic Revolution. The country has made significant international achievements after the Revolution despite Western sanctions and pressure campaigns.
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Iran’s oil, gas incomes rise 40%: Minister
Jan 31, 2023 14:31Iran’s income from the sale of oil and gas during the first ten months of the current Iranian year has grown by around 40 percent year on year, Oil Minister Javad Owji said.
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NIOC to issue oil bonds to finance Iran’s upstream projects
Jan 26, 2023 12:49CEO of Iran’s state oil company the NIOC says the government will soon begin to sell oil bonds to secure the investment needed in large-scale oil and gas projects in the country.
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G7 postpones review of price cap for Russian oil to weather energy crisis
Jan 21, 2023 14:52The Group of Seven (G7) countries have agreed to postpone reviewing the level of the price cap on Russian oil exports for further appraisal of the global market, the US Treasury says, in what is viewed as a last-ditch effort to scrape through the chilly winter and offset repercussions of the world energy crisis in the aftermath of anti-Moscow sanctions.
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At 2.2 million bpd, Iran’s oil exports return to pre-sanction levels
Jan 16, 2023 12:20Iran’s overall exports of crude oil, petroleum products, gas, condensates, liquids and LPG have reached 2.23 million barrels of crude oil per day (bpd), which is the same figure as before the sanctions, local media report.
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US occupation forces, SDF militants steal 53 tankers of oil from Syria to Iraqi bases
Jan 15, 2023 08:15US occupation forces and their allied militants have deployed scores of tanker trucks to smuggle crude oil from Syria’s northeastern Province of Hasakah to bases in neighboring Iraq as part of their ferocious attempts to further plunder natural resources in war-torn Syria.
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Iran plans $80 billion of oil, gas investment in 10 years
Jan 10, 2023 12:49Iran plans to carry out 20 oil and gas projects worth about $80 billion in a 10-year period, deputy head of investment at the National Development Fund of Iran (NDFI) has said.
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Iran to inaugurate oil projects worth $8b by late March
Jan 07, 2023 15:45Iranian Oil Minister Javad Owji said several semi-finished oil industry projects totaling $8 billion are expected to be operational by the end of the current Persian calendar year (March 20).