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Iran again rejects joining oil freeze plan
May 09, 2016 16:43Oil Minister Bijan Zangeneh says the country is still determined to increase its oil production to as high as four million barrels per day (bpd), stressing that Tehran will only negotiate over joining the oil freeze plan when that target has been achieved.
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Iran oil exports hit 2.4 million bpd
May 07, 2016 16:35Minister of Petroleum Bijan Zangeneh says Iran’s daily production of oil and condensate has risen to 2.4 million barrels.
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Iran says ready to join oil freeze plan
May 06, 2016 19:16Iran said on Friday that it is ready to join an oil freeze plan that has been proposed by several key peer producers to help stabilize the market.
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No plans for Iran over new oil output rise
May 06, 2016 19:13Iran on Friday indicated that it has no immediate plans to launch a fresh rise in its oil exports from the current level of around 2.2 million barrels per day.
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South Korea’s Iranian crude imports have four-folded
May 01, 2016 12:30Iran’s Oil Minister Bijan Namdar Zanganeh says the country has more than quadrupled its oil exports to South Korea following the removal of sanctions five months ago.
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Oil-dependent Mideast economies to face more losses: IMF
Apr 25, 2016 14:57The IMF says oil producers in the Middle East lost USD 390 billion in revenue last year, warning they should brace for losses of more than USD 500 billion this year.
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India seeks long-term Iran oil deals
Apr 23, 2016 17:50India’s biggest oil refiner says it is looking to ramp up oil imports from Iran after resuming purchases from the country only last month.
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Minister: Iran backs oil freeze plan
Apr 17, 2016 13:14Iran’s oil minister said Tehran supports the oil freeze plan, but reiterated that the country will not give up on regaining its historical right and share in the global oil markets.
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National Guard deployed to Kuwait oil facilities
Apr 14, 2016 05:58Kuwait has deployed National Guard troops to operate and protect several oil facilities as oil workers announce an open-ended strike, says a report.
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Iranian, Italian oil associations sign cooperation agreement
Apr 12, 2016 16:12Chairman of the Iranian Association of Oil Equipment Manufacturers Reza Khayyamian said his association has signed a cooperation deal with Italian Association of the Oil Industry (ASSITOL).