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Turkey calls for end to embargoes on Iran, Venezuela amid global energy crisis
Oct 21, 2022 14:25Turkey has called for removal of Western sanctions on Iran and Venezuela amid the global energy crisis triggered by Russia's military campaign in Ukraine, and the fact that skyrocketing energy prices are compounding a cost-of-living crisis for hundreds of millions of people.
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Biden to release 15m more barrels from US oil reserves ahead of midterm elections
Oct 19, 2022 09:29US President Joe Biden is set to announce the release of 15 million barrels of strategic oil reserves in a bid to counter soaring energy prices ahead of midterm elections, with more releases possible if energy prices spike, a senior US official said.
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Iran starts refining its crude oil in Venezuela: Oil minister
Oct 17, 2022 05:42A first oil refinery processing Iranian crude oil outside of the country has started its operation, according to a statement by the Iranian Oil Minister Javad Owji who says the project in Venezuela will be replicated in other parts of the world.
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Senators call for halting arms sales to Riyadh, pulling US weaponry out of Saudi Arabia
Oct 16, 2022 07:00US senators have called for halting sales of American weaponry to Riyadh, and pulling out what arms were already there to “right-size [the] relationship with Saudi Arabia.”
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Iran says it has revived oil swap deal with Kazakhstan after 10 years
Oct 15, 2022 19:50Iran has agreed to resume an oil swap deal with Kazakhstan some 10 years after the deal stalled due to technical and political problems.
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Iran in talks to supply oil equipment to Belarus: Official
Oct 14, 2022 06:07Iran is in discussions for supplying raw material, equipment and technology needed in the petroleum sector to Belarus amid growing economic ties between the two countries.
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Iran approves regulations for crude sales to domestic buyers
Oct 13, 2022 05:01The Iranian government has approved laws and regulations concerning the sale of crude oil to domestic buyers amid efforts to offset the impact of US sanctions on normal oil exports from the country.
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Russia preparing plan to develop 8 Iranian oil and gas fields
Oct 10, 2022 05:24Russia’s state petroleum company Gazprom is expected to finalize deals in the near future to develop six oilfields and two gas fields in Iran, according to an Iranian deputy oil minister.
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India says it will buy oil 'from wherever it has to'
Oct 08, 2022 12:43India will continue to buy oil from wherever it has to, Union Minister of Petroleum and Natural Gas Hardeep Singh Puri has said, noting no country has told New Delhi to stop buying Russian oil.
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Russia working on oil and gas swap deals with Iran: Novak
Oct 07, 2022 08:19Russian Deputy Prime Minister Alexander Novak says talks are going on with Iran on working out mechanisms to implement oil and gas swap deals as the two countries eye increased cooperation to counter foreign sanctions targeting their energy exports.