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Iran economy to return to positive growth zone in 2021: WB report
Jun 10, 2020 01:00A new report by the World Bank Group has projected that Iran would be able to restore its positive economic growth next year despite pressures felt as a result of the spread of the new coronavirus pandemic and sanctions imposed by the United States.
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Iran saved €700 mln through localizing medicine production: Minister
Jun 07, 2020 12:11Iran’s Health Minister Saeid Namaki says a national effort to localize production of major medicines has enabled the government to save some €700 million in the year ending March 2020.
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Health minister hails Iran's handling of coronavirus pandemic despite sanctions
Jun 07, 2020 06:20Minister of Health and Medical Education Saeed Namaki has hailed Iran's handling of the novel coronavirus (COVID1-19) pandemic, saying the country has turned from an importer of medical items into an exporter despite the illegal US sanctions.
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Iran: Expansion of US, EU bans on Syria ‘unlawful, inhumane’
Jun 05, 2020 09:30Iran has condemned the expansion of EU and US illegal sanctions on Syria, calling it an inhumane tool that seriously endangers human rights.
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Iran launches new power plant in southern energy hub of Asaluyeh
Jun 05, 2020 01:14Iran has launched a first phase of a major power plant in the country’s main hub for producing natural gas.
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Venezuela says needs more Iran fuel as US cranks up pressure
Jun 03, 2020 09:50Venezuela says it plans to import more gasoline and additives from Iran after receiving five shipments of fuel from the Islamic Republic in the face of the illegal US sanctions.
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Iran manages to cut power distribution losses to below 10 percent
Jun 03, 2020 02:28Iran Energy Ministry says losses in the country’s electricity distribution network has been cut to below 10 percent, a first in the history of the country and a major achievement when it is compared with other developing nations in the world.
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US sanctions amid pandemic reach brink of crime against humanity: Iran
Jun 03, 2020 00:48Iran’s ambassador to the United Nations says Washington has crossed the red lines of economic and medical terrorism by continuing to impose sanctions on various countries amid the coronavirus pandemic, and reached the brink of "crime against humanity."
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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.