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OPEC Secretary General, Muhammad Barkindo, Dies at 63
TEHRAN (Shana) -- Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC) Muhammad Sanusi Barkindo died on Tuesday at 63.
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Iran Eyeing $115bn in Profits by Developing Azadegan Oilfield: Min.
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji says development of Azadegan Oilfield would generate $115 billion in revenue and 24,000 jobs.
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Oil, Petchem Sectors Key to Attracting Investment, Production Boom
TEHRAN (Shana) – Iranian President Ebrahim Raisi said directing liquidity towards production growth, benefiting from technical power and attracting domestic investment are very effective in the economic growth and progress of the country.
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Integrated Development MoU of Azadegan Joint Oilfield to be signed with Iran Banks
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said the memorandum of understanding (MoU) for the integrated development of the Azadegan join oilfield would be signed in the presence of senior officials of the country by the NIOC, Iranian banks and exploration and production companies.
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Iran to Invest $7bn in Azadegan Oilfield Development
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said an investment of 7 billion dollars was planned in the development of Azadegan Oilfield, most of which to be provided by Iranian banks, development companies and the National Development Fund of Iran (NDFI).
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30th OPEC+ Ministerial Meeting Concludes
TEHRAN (Shana) -- The 30th OPEC and non-OPEC Ministerial Meeting was held via video conference on Thursday, June 30, 2022, under the chairmanship of Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman, and Co-Chair Deputy Prime Minister of the Russian Federation, Alexander Novak.
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Oil Minister: Global Oil Market Needs a Rise in Iran Supply
TEHRAN (Shana) -- Jeopardizing energy security and heightening market volatility have lose-lose outcomes for all players, Iranian Minister of Petroleum said on Thursday, adding global oil market needs an increase in Iran oil supply.
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OPEC+ Agree to Boost Output by 648k b/d in August
TEHRAN (Shana) -- The 23 member states of the Organization of the Petroleum Exporting Countries and its allies (aka OPEC+) agreed at their 30th meeting to increase the coalition’s supply by 648,000 barrels per day in August.
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Owji leaves Tehran for Ashgabat
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji left Tehran for Ashagabat accompanying Iranian President Ebrahim Raisi to attend the Summit of the Caspian littoral states.
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Former Director of International Affairs at NIOC:
Return of Iran Oil to Market Prevents Deepening Global Economic Recession
TEHRAN (Shana) -- The former director of international affairs of the National Iranian Oil Company says the return of Iran’s crude oil to the market could prevent further deepening of the global economy.
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Oil Minister Warns of Global Energy Insecurity with Continued Sanctions on Iran
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said on his Twitter account that one of the main reasons for the endangerment of world energy is the oppressive sanctions against Iran, as the owner of the world’s largest oil and gas reserves.
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Ground Ready for Iran-Iraq cooperation in Developing Joint Oil Fields: Veep
TEHRAN (Shana) -- The Iranian First Vice President said the ground for cooperation between the two governments of Iran and Iraq in the fields of academia, transportation, production from joint oil fields, energy, technical-engineering services, medicine and health have been paved under the Raisi administration.
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Tehran, Dushanbe Seeking Enhanced Energy Ties
TEHRAN (Shana) -- Continuing the path of reviving Iran's energy diplomacy, the Deputy Petroleum Minister for International Affairs and Trade met with a delegation from Tajikistan headed by the Deputy Minister of Industry and New Technologies to emphasize the development of economic cooperation between the two countries.
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Ayatollah Raisi in the virtual summit of BRICS+ leaders:
We consider the transformation of global justice into an all-encompassing global discourse an undeniable necessity
TEHRAN (Shana) – “Iran, as a country with a rich history of active participation in international initiatives, is ready to share all its capabilities to achieve the BRICS goals and become a reliable partner to connect BRICS to the main routes of energy and major global markets," said the President.
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Iran, Iraq forming Joint Technical Groups to Develop Energy Ties
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said Iran and Iraq were to form a joint working group to cooperate in joint fields, transfer technology and equipment from Iran based on the ability of private companies and send technical and specialized groups from the two countries to identify cooperation capacities.
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Iran Ready to Export Technical, Engineering Services to Iraq
TEHRAN (Shana) -- The CEO of the National Iranian Oil Company announced Iran's readiness to export technical and engineering services to Iraq, saying: "Iran wants to benefit from Iraq's participation in the development of the oil and gas industry."
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Preparing Roadmap for Iran-Iraq Future, Necessary
TEHRAN (Shana) -- The Iraqi Deputy Minister of Oil for Exploration underlined the desire of the Iraqi Minister of Oil to develop relations and take broader steps through the formation of a joint working group with Iran, stressing that a roadmap should be prepared for the future steps and goals of the two countries.
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Iran, Iraq to Bolster Energy Ties
TEHRAN (Shana) – The adviser to the Iranian Minister of Petroleum on Iraq stressed the need to strengthen cooperation between Iran and Iraq in the field of energy.
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40% Growth in Receipt of Oil Revenues: Min.
TEHRAN (Shana) – The Iranian Minister of Petroleum said the country’s receipt of oil revenue has increased by 40% in the first quarter of the current calendar year, which began on March 21 compared to the same period last year.
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Stunning Oil Revenue Rise under Raisi
TEHRAN (Shana) – Iran’s crude oil exports and revenues under President Raisi administration have increased dramatically given its active energy diplomacy.
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Drilling of 2 more Wells in Danan Oilfield Complete
TEHRAN (Shana) – The operator of a project to maintain and enhance productivity at Naftshahr, Saadatabad and Danan fields in at the Iranian Central Oil Fields Company said: “In order to maintain and enhance production in this field, drilling of two more wells in Danan oilfield in Ilam province has come to fruition.”
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Long-Standing Dream of Offshore Refinery Coming True: MP
TEHRAN (Shana) -- "Energy diplomacy is one of the most important priorities of the administration and parliament," said the head of the parliament's energy committee, noting that Iran’s energy diplomacy is moving forward and so far favorable agreements and contracts have been signed in this regard.
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Petropars, a Full-Fledged Oil Company: Venezuelan Official
TEHRAN (Shana) -- The CEO of the Venezuelan National Oil Company (Pedosa) described Iran’s Petropars as a full-fledged and capable company in the field of oil and gas development, and said: "This company can run various projects in the Venezuelan oil industry."
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Tehran, Ashgabat sign 9 MoUs, Statements
TEHRAN (Shana) -- Nine cooperation documents and a joint statement were signed between Iran and Turkmenistan in the presence of the presidents of the two neighbors.
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10% reduction in LPG Loss in Iran
TEHRAN (Shana) -- The CEO of the National Iranian Gas Company (NIGC) announced a 10% decrease in liquefied petroleum gas (LPG) consumption in the country over the last seven months compared to the same period last year.
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Iran Able to Meet Pakistan Oil, Gas Needs
TEHRAN (Shana) – Iranian President Ebrahim Raisi emphasized Iran’s preparedness to enhance comprehensive cooperation with Pakistan, saying: "Iran has the necessary capacities to meet Pakistan's needs in various fields, including oil, gas and electricity."
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Turkmenistan Seeking more Gas Swap to Azerbaijan, Neighboring Countries
TEHRAN (Shana) – The Iranian Minister of Petroleum said: "In a meeting with the Deputy Chairman of the Cabinet for Oil and Gas Affairs of Turkmenistan, the other side asked us to increase gas swaps to Azerbaijan and other neighboring countries, to which we announced our readiness."
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Iran-Venezuela, Oil Coalition against US Sanctions
TEHRAN (Shana) – The head of the Institute for International Energy Studies (IIES) said: "Venezuela knows that easing US sanctions on its oil industry is temporary and commensurate with US needs, so it is looking for 20 years of cooperation with Iran.”
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Iran Policy in Sale of Oil, Condensate Active Marketing: Spokesman
TEHRAN (Shana) -- The government spokesman said: "Iran's policy in the field of selling oil and gas condensate is active marketing, and today a significant amount of oil is sold and the resulting hard currency is returned to the country."
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Iran-Venezuela to Boost Oil Cooperation
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji met with Venezuelan President Nicolas Maduro at Saadabad Palace on Monday, June 13 to discuss bilateral relations.