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Truss vs Sunak: Race for UK leadership heats up amid looming recession
Aug 10, 2022 13:25Recently, Labour Shadow Chancellor Rachel Reeves was at pains to explain that the UK government has “lost control of the economy”, adding that “as families and pensioners worry about how they’re going to pay their bills, the Tory leadership candidates are touring the country announcing unworkable policies that will do nothing to help people get through this crisis.”
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Iran’s key gas pipeline near Azerbaijan near completion
Aug 08, 2022 05:14The National Iranian Gas Company (NIGC) authorities say a major gas pipeline project that is being constructed along the Caspian Sea is near completion amid Iran’s plans to increase gas supply to the Republic of Azerbaijan under a swap deal with Turkmenistan.
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Iran warns of winter energy crisis, says ready to supply more oil
Aug 05, 2022 05:13Iranian Oil Minister Javad Owji has warned of a global energy crisis this winter as he says that Iran stands ready to increase its oil exports by a significant amount if sanctions are removed from the country.
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OPEC secretary general highlights Iran’s important role in stabilizing oil market
Aug 01, 2022 19:57The secretary general of the Organization of the Petroleum Exporting Countries (OPEC) says Iran is one of the most important founding members of the intergovernmental energy body and plays a significant role in bringing stability to the global oil market.
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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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Iran in oil swap deals with Russia, Kazakhstan: Leader’s advisor
Jul 25, 2022 05:02A top advisor to the Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says Iran is in deals with Russia and Kazakhstan to swap crude oil produced by them with its own crude oil for the purpose of delivery to customers in the Persian Gulf.
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Iran eyes $5.7 mln bpd of oil output by 2029: Report
Jul 22, 2022 05:51Iran plans to attract around $160 billion worth of domestic and foreign investment to its petroleum sector until 2029 to significantly increase its production of oil and gas, according to a new report.
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China calls on the US to stop 'bandit behavior' of looting Syrian resources
Jul 21, 2022 08:17China has called on the United States to immediately stop plundering Syria’s national resources after reports said American forces had recently transferred stolen Syrian oil to northern Iraq.
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Iranian, Venezuelan oil could ease energy crisis: OPEC chief
Jul 06, 2022 05:54OPEC Secretary General Mohammad Barkindo says a global oil supply shortage can be eased if American sanctions on Iran and Venezuela are removed and the two countries can export more oil.
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Iran awards $7bn oilfield contract to domestic consortium
Jul 06, 2022 05:44Iran has awarded a major oilfield development contract to a consortium of local banks and petroleum companies.