Oil
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Chairman of London Energy Club:
US might topple Saudi Arabia as the world's top oil exporter sooner than planned
TEHRAN, Sep. 17 (MNA) – Commenting on recent drone attack on Saudi Aramco Mehmet Ogutcu says prior to this attack, the US was planning to double its crude oil exports to 9 million barrels per day by 2024. That means the US might topple Saudi Arabia as the world's top oil exporter sooner than planned.
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Saudi Arabia suspends oil exports through Bab al-Mandeb
TEHRAN, Jul. 26 (MNA) – Saudi Arabia claimed the suspension of all oil shipments through the Bab al-Mandeb Strait after Yemen's Popular Committees attacked on two crude-carrying vessels.
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Iran, Spain ink oil, gas MoU
TEHRAN, May. 07 (MNA) – The international department of the Iranian oil ministry signed an MoU with the representative board of Spanish firms in Tehran aiming to enhance oil and gas relations.
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Iran’s oil, gas harvest remarkable: Veep
TEHRAN, Jan. 22 (MNA) – Iran’s First Vice-President Es’hagh Jahangiri said that the oil and gas produced from the joint fields shared by Iran and Iraq have increased significantly.
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By M.A. Saki
Neither logical nor expedient
TEHRAN, Jan. 10 (MNA) – In its national budget bill submitted to the parliament, the government has proposed to raise fuel prices, mainly petrol, to raise 174 trillion Rials (around $4.3 billion) and invest that money to create jobs.
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NIDC drills 119 oil, gas wells
TEHRAN, Dec. 27 (MNA) – An NIDC official said as many as 119 oil and gas wells were drilled and completed over the first nine months of the current Iranian calendar year (began March 21).
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Iran, Iraq sign oil swap contract for 1 year
TEHRAN, Dec. 10 (MNA) – Tehran and Baghdad agreed to swap crude oil of northern Iraqi Kirkuk oilfield for Iranian oil in a one year contract subject to renewal.
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By: Maryam Azish
Iran regaining oil market
TEHRAN, Oct. 02 (MNA) – Iran, on average, shipped 2.15 million barrels of crude oil and about 500,000 barrels of gas condensate in the first eight months of 2017. Its record export of 2.3 million barrels per day was registered in February.
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IEA’s report on oil market in 2017
TEHRAN, Nov. 11 (MNA) – Continuing oil market surplus can lead to another year of falling prices in 2017 and OPEC’s decision in dealing with the issue is very influential on the global market of the fossil fuel energy.