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Defying US sanctions, Iran completes 2nd fuel delivery mission to Venezuela
Oct 04, 2020 07:03The third and final vessel from a fuel-laden Iranian flotilla has entered Venezuela’s waters, completing a second such mission in less than a year in defiance of American sanctions targeting both nations.
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Iran gasoline exports at over $1bn in 5 months to late August: Report
Oct 04, 2020 06:39A new report shows Iran has exported a considerable amount of gasoline in the five months to August 21 as the country becomes a net exporter of the fuel some 15 years after was importing over 27 million liters per day.
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Venezuela announces new fuel plan as 2nd Iranian tanker arrives
Oct 01, 2020 14:43Venezuelan President Nicolas Maduro has announced plans for the improvement of gasoline output and distribution in the country, as the second of three Iranian tankers carrying fuel entered the South American country’s waters, ignoring unilateral United States sanctions on Venezuela.
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Despite sanctions, Iran’s oil exports jumped in September: Tracking firm
Sep 25, 2020 17:33Iran’s exports of crude oil and condensate jumped in September amid unilateral sanctions imposed by the United States. That is according to three assessments based on tanker tracking.
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New platform installed in Persian Gulf oilfield
Sep 24, 2020 06:26Iranian technicians and engineers have successfully installed another offshore drilling rig in the Persian Gulf waters as the country keeps expanding crude production.
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Iran oil major NIOC tops global ranking on exploration activity in 2019
Sep 20, 2020 05:48The National Iranian Oil Company (NIOC) was by far the best company in the world in terms of oil and gas exploration activity in 2019, says its Exploration Chief Saleh Hendi.
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OPEC’s sixtieth anniversary: The pivot of the global oil market
Sep 18, 2020 14:01September 14, 2020 marks the sixtieth anniversary of the Organization of the Petroleum, Exporting Countries or OPEC – almost two thirds of a century of existence characterized by embargo, conflict, and even war. It is an intergovernmental organization of 13 nations founded in 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia and Venezuela) and headquartered since 1965 in Vienna, Austria.
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OPEC+ may hold extraordinary October meeting if oil market worsens: Source
Sep 18, 2020 05:52OPEC+ could hold an extraordinary meeting in October if oil markets weaken further, Saudi Energy Minister Prince Abdulaziz bin Salman said on Thursday, according to an OPEC+ source.
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Iran’s oil storage capacity improved with terminal launched in Persian Gulf
Sep 10, 2020 16:12President Hassan Rouhani has ordered the opening of new oil export terminal with relatively large storage and bunkering facilities near the mouth of the Persian Gulf.
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Iran to launch first phase of Jask oil terminal by March: Contractor
Sep 01, 2020 14:36Iran would launch a first phase of its key oil terminal in Jask region on the Sea of Oman by March 2021, says a project contractor, as the country presses ahead with plans to allow crude exports outside the Strain of Hormuz in the Persian Gulf.