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Afghanistan's Taliban govt. signs oil extraction deal with Chinese company
Jan 06, 2023 15:44The de-facto Taliban government in Kabul has signed a contract with a Chinese company to extract oil from the Amu Darya basin in the country's northern Sar-e Pul Province amid efforts to revive the fledgling economy.
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US Syria looting: Occupation forces smuggle 60 trucks of oil, wheat to Iraq
Jan 06, 2023 15:10The American occupation forces have once again smuggled oil and wheat from Syria to their bases in northern Iraq as Washington continues to loot resources in the war-ravaged Arab country.
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Anger boils in Italy as fuel prices rise again
Jan 04, 2023 16:05The start of the New Year has brought bad news for the Italians. The average price of unleaded petrol at the pump in Italy has once again surged, increasing by over fifteen cents - that is about fifteen percent more compared to December 31st.
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Russia bans oil export to countries using price cap
Dec 28, 2022 09:50Russian President Vladimir Putin has issued a decree banning oil sales to countries and companies that comply with a Western-backed price cap on Russian oil.
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Saudi Coalition forced to release detained Yemeni fuel ships
Dec 25, 2022 08:02Fuel prices have slightly dropped in Yemen after the release of two Yemeni fuel ships that were detained by the Saudi-led coalition earlier this week in the Red Sea.
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Iran halts gasoline exports amid rising domestic demand
Dec 25, 2022 06:08An Iranian Oil Ministry official says the country has halted taking new orders for exports of gasoline as domestic demand for the fuel rises to all-time highs.
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Minister: Iran’s oil output reaches 3 million barrels per day
Dec 21, 2022 13:18Iran’s oil production has reached 3 million barrels per day, Minister of Petroleum Javad Owji says.
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UN calls on US to lift Iran sanctions, extend waivers on oil trade
Dec 20, 2022 12:34The United Nations has called on the United States to lift or waive its sanctions against Iran as per the 2015 nuclear agreement, and to extend the waivers regarding the trade in oil with the country.
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Iran’s IRGC seizes ship smuggling 330k liters of fuel in Persian Gulf, arrests entire crew
Dec 15, 2022 09:02A high-ranking Iranian Judiciary official says the Islamic Revolution Guards Corps (IRGC) has confiscated a tanker ship carrying over 300,000 liters of smuggled fuel in the Persian Gulf waters and arrested all crew members.
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Kazakhstan to increase oil supply to Iran under swap deal
Dec 15, 2022 06:20Kazakhstan plans to ramp up its supply of crude oil to Iran under a swap deal that allows the former Soviet state to diversify its oil export routes away from Russia.