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Huge oilfields could help Iran seize Saudi market share in China
Jun 01, 2020 11:04Given that China’s oil demand has now recovered from the COVID-19 outbreak to even higher levels than before, Iran is operating at full tilt to optimize the oil available to key ally Beijing from any and all of its fields. Principally, this involves optimizing output from the cluster of supergiant fields in the West Karoun Oil Region, attempting to increase the average recovery rate from older fields, and pushing forward on production increases from fields shared with Iraq and Kuwait.
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Long lines as Iranian fuel arrives at Venezuela’s gasoline stations
May 31, 2020 07:15Fuel shipped from Iran has begun arriving at Venezuela’s gasoline stations as the fifth cargo of an Iranian flotilla approached the Caribbean Sea and was expected to reach Venezuelan waters Sunday.
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US threatens to sanction tankers carrying fuel to Venezuela: WSJ
May 29, 2020 01:35The US has threatened to impose sanctions against two tankers carrying Iranian gasoline to fuel-starved Venezuela, a Wall Street Journal report says.
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Unilateral US sanctions against Iran, Venezuela lost effectiveness: Envoy
May 27, 2020 03:15Tehran’s ambassador to Caracas says the sanctions that the US has imposed on independent countries such as Iran and Venezuela are no longer effective, hailing the Islamic Republic’s fuel shipments to the South American country as a “victory” for the entire international community.
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3rd Iranian fuel tanker reaches Venezuelan waters, others unloading: Data
May 27, 2020 02:53The third cargo of an Iranian tanker flotilla carrying fuel for Venezuela has reached the South American nation’s exclusive economic zone as the previous two were discharging at state-run PDVSA’s ports, Refinitiv Eikon data showed.
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Iran says South Pars development will fully finish by March 2021
May 22, 2020 04:46Iran’s Oil Minister Bijan Namadar Zanganeh says the country would wrap up development work at South Pars gas field, the world’s biggest natural gas reserve located in the Persian Gulf, by late March 2021 when the current Iranian calendar year comes to its end.
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Venezuela military to escort Iranian fuel tankers: Defense minister
May 21, 2020 02:45Venezuela's military will escort Iranian tankers delivering fuel to the gasoline-starved nation as soon as they enter the South American country's exclusive economic zone, Defense Minister Vladimir Padrino said.
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Iran oil sector avoided layoffs during pandemic: Minister
May 20, 2020 00:55Iranian Oil Minister Bijan Namdar Zanganeh says the massive oil industry in the country has managed to survive the economic impacts of the new coronavirus pandemic without laying off a single worker.
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Iran ready for worst-case scenario in faceoff with US, all options considered: Spokesman
May 18, 2020 09:26The spokesman for Iran’s government says the Islamic Republic is ready for the worst-case scenario in its current confrontation with the US over Iranian tanker ships delivering oil to Venezuela, stressing that Tehran-Caracas relations are no other countries’ business.
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Iran cautions US against ‘foolish action’ on Venezuela-bound oil tankers
May 18, 2020 09:08Iran’s Foreign Ministry spokesperson warned the US to refrain from any foolish action against the Iranian oil tankers that are carrying fuel to Venezuela, stressing that there is no legal restriction to the legitimate trade between Tehran and Caracas.