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Iran exported $2.3 bn worth of gasoline in 19 months to March 2021
May 04, 2022 04:51Iran exported nearly $2.3 billion worth of gasoline in more than 19 months to March 2021 despite sanctions imposed by the United States.
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Putin retaliates as EU prepares sanctions on Russian oil
May 03, 2022 13:21Russian President Vladimir Putin has signed a decree on retaliatory economic sanctions in response to the "unfriendly actions of certain foreign states and international organisations".
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Iran’s petrodollars fully recovered, oil output back to pre-sanctions Level: CBI chief
Apr 28, 2022 06:49Iran has managed to restore its oil production to the pre-sanction levels and the country is earning all of the money from the crude it is exporting, Governor of the Central Bank of Iran (CBI) Ali Salehabadi said.
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IRGC Navy captures fuel smugglers in SE Iran
Apr 24, 2022 07:14The Islamic Revolution Guards Corps (IRGC) Navy forces confiscated three hauls of contraband fuel in Iran’s southeastern waters, arresting the smugglers.
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Explosion at illegal oil refining depot in Nigeria kills over 100
Apr 23, 2022 18:53An explosion at an illegal oil refining depot in Nigeria's Rivers state killed over 100 people overnight, a local government official and the NGO Youths and Environmental Advocacy Center (YEAC) said on Saturday.
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Output up by 600k bpd at Iran’s largest crude producer
Apr 10, 2022 06:07The National Iranian South Oil Company (NISOC), which is the largest oil and gas company in the country in terms of output, says it has increased its production by nearly 600,000 barrels per day (bpd) compared to figures recorded in August.
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Corporate profits reached record high of nearly $3 trillion in 2021
Apr 07, 2022 07:40As working-class Americans struggled with high inflation, corporate profits soared to a record high in 2021, reaching nearly $3 trillion.
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Iran government sold over $7bn worth of crude in year to March: Report
Apr 06, 2022 04:52The Iranian government had access to more than $7 billion worth of crude export revenues in the calendar year to late March, says a report published in the local media which indicates that the income helped the government avoid a hefty budget deficit which could exacerbate consumer price rises in the country.
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Climate change protesters blockade UK oil facility in latest action
Apr 04, 2022 13:05Climate change activists from the Extinction Rebellion group said on Monday they had blocked the entrance to an oil facility near London's Heathrow Airport on their fourth day of action.
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Iran’s oil exports increased by 40% at height of sanctions: NIOC
Apr 04, 2022 05:35The CEO of the National Iranian Oil Company (NIOC) says the country managed to increase its oil exports by 40 percent at the height of restrictive measures imposed by the United States to choke off Iran’s energy sales.