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OPEC+ maintains output reduction to boost oil prices
An OPEC+ panel recommended Wednesday that the oil group keep its current output reduction strategy unchanged after heavyweights Saudi Arabia and Russia vowed to maintain their cuts to prop up prices.
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Owji: Three oil, one gas fields discovered in two years; 2.6b barrels added to Iran’s recoverable reserves
SHANA (Tehran) – Iran’s oil minister said on Wednesday that three oil and one gas fields have been discovered since the 13th administration took office two years ago.
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Iran oil minister: Some $20b invested in two years to put projects into operation
SHANA (Tehran) – Iran’s oil minister on Monday said about $20 billion have been invested since the 13th administration took office two years ago to implement upstream and downstream projects.
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Iran-Saudi détente a positive step in increasing cooperation: Analyst
SHANA (Tehran) – An expert in international relations has described the rapprochement between Iran and Saudi Arabia as a positive step toward promoting cooperation.
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OPEC oil output rises for second month on Nigeria, Iran – Reuters survey
OPEC oil output rose for a second straight month in September, a Reuters survey found on Monday, led by increases in Nigeria and Iran despite ongoing cuts by Saudi Arabia and other members of the wider OPEC+ alliance to support the market.
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OPEC optimistic on demand, calls for more oil and gas investment
OPEC is optimistic on demand and sees under-investment as a risk to energy security, Secretary General Haitham Al Ghais said on Monday at an energy industry event in Abu Dhabi.
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Owji says U.S. senators have confirmed rise in Iran’s oil output, exports
SHANA (Tehran) – U.S. senators and Western media have confirmed the increase in Iran’s oil production and exports despite sanctions over the past two years, said Iranian Oil Minister Javad Owji on Saturday.
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Arash gas field issue to be settled through political talks: Analyst
SHANA (Tehran) – A senior expert in West Asia affairs is convinced that the dispute over the Arash gas field, known as Al-Dorra in Kuwait and Saudi Arabia, will be resolved through holding political negotiations and reaching an agreement.
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Owji: Refining capacity, oil products quality promoted under 13th administration
SHANA (Isfahan) – Iranian Oil Minister Javad Owji on Friday said the country’s refining capacity and quality of oil products have been promoted under the 13th administration.
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Isfahan Refinery’s RFCC executive operations start during president visit
SHANA (Isfahan) – The executive operations of Isfahan Oil Refinery’s Residual Fluid Catalytic Cracking (RFCC) Unit began on Friday.
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Isfahan Refinery’s Diesel Hydrotreating Unit comes online in presence of Raeisi, Owji
SHANA (Isfahan) – The environmental project of Isfahan Refinery’s Diesel Hydrotreating (DHT) Unit was inaugurated in the presence of President Seyyed Ebrahim Raeisi and Oil Minister Javad Owji on Friday.
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Raeisi to inaugurate Isfahan Refinery’s DHT Unit shortly
SHANA (Isfahan) – The environmental project of Isfahan Refinery’s Diesel Hydrotreating (DHT) Unit will be inaugurated in the presence of President Seyyed Ebrahim Raeisi and Oil Minister Javad Owji within hours.
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Owji: Oil industry plays ‘pivotal’ role in promoting Iran, Saudi Arabia common economic interests
SHANA (Tehran) – Oil industry can play a “pivotal” role in promoting common economic interests of Iran and Saudi Arabia, said Iranian Oil Minister Javad Owji on Tuesday night.
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NIDC says 55 wells drilled, completed in six months
SHANA (Tehran) – The National Iranian Drilling Company (NIDC) consolidated planning director on Tuesday said 55 onshore and offshore oil and gas wells have been drilled and completed in the first half of the current Iranian calendar year (March 21-September 22, 2023).
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NPC: Iran seeking to export petrochemical technical services to Venezuela, Brazil
SHANA (Tehran) – The production control manager of Iran’s National Petrochemical Company said NPC has outlined a plan for exporting technical services to Venezuela and Brazil.
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South Pars gas field production capacity to top 730 mcm/d next winter: POGC CEO
SHANA (Tehran) – The Pars Oil and Gas Company (POGC) managing director said Iran’s gas production capacity in the South Pars field will exceed 730 million cubic meters per day (mcm/d) next winter.
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Oil sector’s economic growth up 368% YoY, exports account for over 24% of Iran’s GDP growth
SHANA (Tehran) – The Iranian oil sector’s economic growth rate jumped 368 percent year on year (YoY) in spring 2023.
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Owji’s X post highlights oil sector’s top position in Iran economic growth ranking
SHANA (Tehran) – Iranian Oil Minister Javad Owji’s post on X, formerly called Twitter, highlighted the oil sector’s 16.4 percent economic growth in spring 2023, the highest rate in the country.
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$50b projects to drive Iran’s oil, gas output growth underway: NIOC official
SHANA (Tehran) – A number of oil and gas projects worth some $50 billion are in progress, said a National Iranian Oil Company (NIOC) official on Wednesday.
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Iran regains pre-sanctions OPEC rank with over 1m bpd output hike: NIOC chief
SHANA (Tehran) – Iran has regained its pre-sanctions position in the OPEC crude oil production table with an increase of more than 1 million barrels per day (bpd) achieved under the 13th administration, said the National Iranian Oil Company (NIOC) managing director on Wednesday.
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Contract on integrated development of joint Azadegan oil field to be signed in a month
SHANA (Tehran) – A contract on the integrated development of the joint Azadegan oil field will be signed within a month, said the National Iranian Oil Company (NIOC) director of investment and business development on Wednesday.
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Petrochemical value chain completion not just a motto, but a duty: NPC head
SHANA (Tehran) – The completion of petrochemical industry’s value chain is not just a motto, but a task, plan, and duty as an inviolable strategy, said Iran’s National Petrochemical Company (NPC) managing director on Tuesday.
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Rise in Iran’s oil sales proves foreign policy effective: Spokesman
SHANA (Tehran) – Increase in oil exports, release of frozen assets, expansion of foreign relations, and enhancement of presence in international assemblies are all indicative of effectiveness of the Iranian government’s foreign policy, said the Foreign Ministry spokesman on Monday.
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Saudi Arabia says ready to promote cooperation with Iran in petrochemical sector
SHANA (Tehran) – Saudi Ambassador to Iran Abdullah bin Saud al-Anzi on Monday voiced his country’s readiness to broaden cooperation with the Islamic Republic in petrochemical sector.
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Owji reiterates Iran will not give up share of Arash gas field
SHANA (Tehran) – Iranian Oil Minister Javad Owji said the Islamic Republic will not give up its share of the Arash gas field, known as Al-Dorra in Kuwait and Saudi Arabia, in the Persian Gulf.
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NPC CEO: Foreign guests’ strong presence in IranPlast expo means ‘sanctions have no place’ in petchem industry
SHANA (TEHRAN) – Iran’s National Petrochemical Company (NPC) managing director on Sunday said the twentyfold increase in number of foreign participants of the 17th IranPlast International Exhibition means that “economic sanctions and threats have no place” in petrochemical industry.
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Owji says ‘Iran will export oil wherever it wants’
SHANA (Tehran) – Iran’s Oil Minister Javad Owji on Sunday said his country “will export crude oil and gas condensates wherever it wants”.
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17th IranPlast International Exhibition opens
SHANA (Tehran) – The 17th International Exhibition of Plastics, Rubber, Machinery and Equipment, commonly known as IranPlast International Exhibition, kicked off here on Sunday.
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IranPlast among biggest polymer expositions in Mideast: NPC
SHANA (Tehran) – Iran’s International Exhibition of Plastics, Rubber, Machinery and Equipment is one of the biggest polymer expositions in the Middle East, said the National Petrochemical Company investment manager on Friday.
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OPEC marks its 63rd anniversary
The Organization of the Petroleum Exporting Countries (OPEC) today turned 63.