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Iran expects record petrochemical sales to offset crude exports losses
Dec 30, 2021 06:11Iran expects hard currency revenues from its trade of petrochemicals to reach record levels this calendar year as industry sources insist the sector has played a key role in Iran’s efforts to stand up against American pressure on direct crude sales.
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Iran agrees to tea for oil debt barter with Sri Lanka
Dec 23, 2021 07:17Iran has agreed to import tea from Sri Lanka to settle an old debt owed by the country for imports of oil from Iran.
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Iran’s diesel demand drops by 10% with quota system
Dec 13, 2021 06:01An Iranian Oil Ministry official says demand for diesel in the country has declined by more than 10% as a result of introducing a quota system that allocates the fuel to heavy vehicles based on their use.
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Environmental activists challenge ‘unlawful’ UK fossil fuel plan in high court
Dec 08, 2021 10:49Environmental campaigners will this week ask the high court to rule that the government’s fossil fuel strategy is unlawful, in a case that could undermine the UK’s claim to be leading the fight against climate change.
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Iran warns against ‘dangerous’ acts of piracy targeting its oil at sea
Dec 08, 2021 07:40An Iranian envoy to the United Nations has issued a stern warning against acts of piracy targeting tankers carrying Iran’s oil cargos at sea, urging the international community to condemn such illegal measures that endanger freedom of navigation.
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Iran Khodro to build 45,000 cars for world's largest bi-fuel fleet
Dec 06, 2021 12:07Iran's Ministry of Oil and Iran Khodro have signed a contract worth $20 million to produce 45,000 bi-fuel cars, expanding the world's largest fleet of vehicles running on either petrol or natural gas in the country.
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Iran Oil Ministry commits to expand CNG fleet
Dec 06, 2021 06:04The Iranian Oil Ministry has committed to provide $20 million worth of funds for production of 45,000 commercial vehicles that will run on compressed natural gas (CNG).
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Iran’s non-oil exports up 42% in March-November: IRICA
Nov 28, 2021 06:40Figures by Iran’s customs office (IRICA) shows that non-oil exports from the country rose by 42% in value terms in March-November to a total of $31.1 billion.
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American fishers want to sue big oil for killing their trade. But there’s a catch
Nov 22, 2021 15:58The environmental harm brought by rising ocean temperatures has severely undercut fishing seasons and supplies, at a steep cost to the industry. And so in response to years of setbacks, American union leaders pursued a novel strategy to reclaim lost earnings: by going after one of the culprits responsible for driving global temperatures.
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Iran insists global energy decisions must be depoliticized
Nov 17, 2021 06:09Iran’s Oil Minister Javad Owji has called for depoliticizing of energy decisions around the world as he insists that US sanctions on Iran continue to affect the global supply of energy.