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Iran’s oil and gas reserves estimated at 1.2 trillion barrels: NIOC chief
Apr 03, 2022 05:50Iran has the equivalent of over 1.2 trillion barrels of oil and gas as a senior Oil Ministry official says the country will be able to tap those reserves for at least a century from now.
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Iran ends holiday season with daily gasoline use at above 120 mln
Apr 03, 2022 05:40Iran’s daily gasoline consumption continued to rise on last days of the Persian New Year holiday season ending April 2 despite warnings by government authorities that the growing use may cause the country to resume imports of the fuel nearly a decade after domestic production reached a point of self-sufficiency.
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Minister: Iran's oil production has reached pre-sanction levels
Apr 01, 2022 11:36Minister of Petroleum Javad Owji says Iran’s oil production has reached pre-sanction levels, as the country teams up with new customers to export its oil in defiance of the most draconian sanctions imposed by the United States.
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Biden administration weighs largest ever draw from emergency oil reserve: Sources
Mar 31, 2022 06:52US President Joe Biden is expected to announce a massive release of the country’s strategic oil reserves on Thursday, as the White House tries to lower fuel prices.
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Iran’s oil exports up 40% as US tanker seizure campaign fails
Mar 31, 2022 05:07Iran’s crude oil exports have surged 40% since August when the new administration came to office, the CEO of the National Iranian Oil Company (NIOC) says, adding gas condensate sales have grown 250%.
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Iran’s annual non-oil trade hits $100 billion record
Mar 28, 2022 05:08The value of Iran’s non-oil trade exchanges in the previous Iranian year (ended on March 20) hit a record high of $100 billion, a deputy minister announced.
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Iran ready to cover India's oil needs, ambassador says
Mar 19, 2022 13:13Iran says it is willing to meet the energy security needs of India, the world's third biggest oil importer and consumer.
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Iran managed to increase oil sales despite intense US pressure: Oil minister
Mar 18, 2022 06:54Iran's Oil Minister Javad Owji says the Islamic Republic has managed to increase its oil sales and receive all the revenues despite intensified pressure from Washington to halt the sales by trying to seize Iranian oil tankers.
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‘Wrong side of history’: US warns India against crude imports from Russia
Mar 17, 2022 07:11In a veiled warning, the US government has asked India to consider its place in “history books” as the Narendra Modi government in New Delhi mulls Russia’s offer for discounted crude oil.
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Iran’s NIOC raises April oil selling prices for Asian buyers
Mar 17, 2022 05:44The National Iranian Oil Company (NIOC) has increased its crude oil selling prices for Asian buyers in April amid a global surge in oil prices and after rival regional producer Saudi Arabia announced similar hikes earlier this month.