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Iran, Saudi oil ministers meet to avert showdown
Jun 22, 2018 11:30Minister of Petroleum of the Islamic Republic of Iran Bijan Zangeneh and Saudi counterpart Khalid al-Falih have held talks in Vienna just before the OPEC group met to decide on policy, the Shana news service reported.
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Iran to provide $7bn for oil projects internally
Jun 17, 2018 17:00Iran says a plan is on agenda to attract funds from domestic resources to maintain production at the country’s key oil fields.
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India’s Nayara Energy to cut Iran oil imports
Jun 11, 2018 18:32India’s Nayara Energy – one of the country’s biggest buyers of crude oil from Iran – has unveiled a plan for a major reduction in oil imports from Iran in the wake of returning US sanctions against the Islamic Republic.
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Spain’s Repsol braves US ire with first ‘Pars oil’ cargo
Jun 05, 2018 11:47Iran’s oil exports hit a new record in May which also saw the country sell its first cargo from West Karoun to Spain’s Repsol, the Oil Ministry’s Shana news outlet reported.
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Iran boosts oil exports in face of sanction threats
Jun 03, 2018 06:30Iran's oil exports hit 2.4 million barrels per day (mbpd) in May in what is seen as a new record since the lifting of international sanctions on Tehran in 2016, and despite the threats of returning US sanctions.
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Putin raps Trump over Iran oil sanctions move
May 26, 2018 11:28Russia’s President Vladimir Putin has criticized a controversial decision by US President Donald Trump to re-instate sanctions against Iran, warning that such a move would only harm the global economy.
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Russia warns oil to hit new highs, blames Trump
May 26, 2018 07:59Russia is warning that the decision by US President Donald Trump to pull America out of a nuclear agreement with Iran and re-instate sanctions against the country could push oil prices to new highs.
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BP halts work on gas field over US sanctions on Iran
May 23, 2018 13:16British oil company BP says it has halted work on a gas field which it co-owns with National Iranian Oil Company (NIOC) in the North Sea, citing US plans to reimpose sanctions on the Islamic Republic.
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EU plans to ditch dollar for Iran oil payments: Report
May 16, 2018 13:40The European Union plans to switch to the euro for oil purchases from Iran, eliminating the US dollar as the two sides work to protect bilateral trade against possible American sanctions, a Russian report says.
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Iran sanctions raise interest in oil trade in China’s yuan
May 15, 2018 13:04A US decision to withdraw from a nuclear deal with Iran has added fresh momentum to efforts to start trading oil in yuan following China’s launch of crude oil futures.