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Iran’s oil sector annual economic growth doubles despite sanctions
SHANA (Tehran) – Iran’s oil sector has witnessed a twofold increase in its annual economic growth in autumn 2023, said the government’s economic spokesman on Tuesday.
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Tehran-Moscow gas cooperation planned, says Iran’s ambassador
SHANA (Tehran) – Iran-Russia cooperation in the gas sector has been planned and could come to fruition, said Iran’s ambassador to Moscow.
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Owji: Daily gasoline consumption tops 132m liters during cold spell
SHANA (Tehran) – Iran’s gasoline consumption exceeded 132 million liters per day as temperatures dropped sharply in recent days, said Oil Minister Javad Owji on Monday.
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Expert meetings of 17th Iran-Russia Joint Economic Commission start in Tehran
SHANA (Tehran) – Expert meetings of the 17th Iran-Russia Joint Economic Commission started in Tehran on Monday.
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IMF: Iran oil production beyond expectations
SHANA (Tehran) – The International Monetary Fund (IMF) increased its estimate of Iran’s economic growth in 2024, citing a higher-than-expected surge in the country’s oil production.
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Pakistan greenlights completion of gas pipeline with Iran after 10-year delay
The Pakistani government approved the start of construction work on its segment of the Iran-Pakistan (IP) gas pipeline.
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Iran’s president to attend 7th GECF Summit
SHANA (Tehran) – Iran’s President Seyyed Ebrahim Raeisi will take part in the 7th Gas Exporting Countries Forum (GECF) Summit of Heads of State and Government in Algiers, the capital of Algeria, on March 2, said Iran's Deputy Oil Minister for International Affairs and Trade Ahmad Asadzadeh on Saturday.
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Sanctions not welcome but helped Iranian genius bloom: NPC CEO
SHANA (Tehran) – Iran’s National Petrochemical Company (NPC) managing director on Thursday said “we do not welcome sanctions, but the conditions imposed during the era of sanctions led to the blooming of the Iranians’ genius”.
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Iran’s oil sector economic growth hits 21.8% in autumn, says PBO head
SHANA (Tehran) – Iran’s Plan and Budget Organization (PBO) chief announced on Wednesday the oil and gas sector’s economic growth in autumn 2023 reached 21.8 percent.
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Islamabad keen to revive Iran-Pakistan gas pipeline project, says Owji
SHANA (Tehran) – Islamabad has expressed an interest in completing the much-delayed Iran-Pakistan (IP) gas pipeline project, said Iran’s oil minister on Wednesday.
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Owji: Israel behind gas pipeline plot foiled in unique operation
SHANA (Tehran) – Iran’s Oil Minister Javad Owji on Wednesday said Israel was behind the sabotage attacks on two gas transmission pipelines last week.
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Tehran to host 17th Iran-Russia Joint Economic Commission this month
SHANA (Tehran) – The 17th Iran-Russia Joint Economic Commission meeting will be held in the presence of its cochairmen, Iran’s Oil Minister Javad Owji and Russia’s Deputy Prime Minister Alexander Novak, in Tehran this month.
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Red tape causes long delay in signing contracts: NIOC chief
SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director said too much bureaucracy causes a long delay in signing contracts.
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Oil industry growing without JCPOA under 13th administration: VP
SHANA (Tehran) – Iran’s vice president for legal affairs said the country’s oil industry has achieved a steady growth without the revival of the Iran nuclear deal, officially known as the Joint Comprehensive Plan of Action (JCPOA), since the 13th administration took office in August 2021.
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Enemy failed to achieve goals behind terrorist attacks on Iran’s gas pipelines, says lawmaker
SHANA (Tehran) – The enemy failed to achieve its goals behind the terrorist attacks on gas transmission pipelines thanks to the Iranian officials’ swift action, said a member of the Parliament’s Energy Committee on Monday.
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Iran foils enemies’ evil plots by preventing gas outage: NIGC chief
SHANA (Tehran) – Managing Director of the National Iranian Gas Company (NIGC) Majid Chegeni, in a message, said on Sunday the country thwarted the sinister plots of the enemies who exploded gas pipelines in terrorist attacks.
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MP lauds Oil Ministry for fixing gas pipelines damaged in terrorist acts in shortest time
SHANA (Tehran) – A member of the Iranian Parliament's Industries and Mines Committee said on Sunday the repairing of gas transmission pipelines damaged in terrorist acts in the shortest time possible is a sign of the Oil Ministry’s “strong” and “intelligent” management in times of crisis.
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Oil demand growth slowing as non-OPEC supply expands, says IEA
Global oil demand growth is losing momentum, the International Energy Agency (IEA) said on as it trimmed its 2024 growth forecast, in sharp contrast to the view held by producer group OPEC.
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Gas pipelines damaged in terrorist attacks repaired: NIGC official
SHANA (Tehran) – Two gas transmission pipelines damaged in terrorist attacks were completely repaired, said the dispatching director of the National Iranian Gas Company (NIGC) on Friday.
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Villages near exploded pipelines reconnected to national gas network: Owji
SHANA (Tehran) – Villages near the two gas pipelines exploded in western and southern Iran in terrorist attacks have been reconnected to the national grid, said Oil Minister Javad Owji on Wednesday.
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Iran says ‘sabotaged’ pipelines will resume pumping gas overnight
SHANA (Tehran) – The dispatching director of the National Iranian Gas Company (NIGC) said on Wednesday the two gas transmission pipelines exploded in a “terrorist act of sabotage” will operate by midnight local time (2030 GMT) or the wee hours of Thursday.
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OPEC sticks to oil demand view, sees better economic growth
OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025 and raised its economic growth forecasts for both years saying there was further upside potential.
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Owji: Blast-hit gas pipelines to operate within hours
SHANA (Tehran) – Iran’s Oil Minister Javad Owji on Wednesday said the two gas transmission pipelines exploded in a “terrorist act” will be repaired and put into operation within hours.
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Iran says blasts hit gas pipelines, blames explosions on ‘sabotage’
SHANA (Tehran) – The dispatching director of the National Iranian Gas Company (NIGC) said two explosions struck the gas transmission pipeline in western and southern Iran in early Wednesday, blaming the blasts on “sabotage and terrorist act”.
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Owji says tourism development will reduce reliance on oil revenues
SHANA (Tehran) – Iran’s oil minister said on Tuesday the development of the tourism industry can contribute to the country’s economy and reduce reliance on oil revenues.
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Refinery-integrated petrochemical plants to increase Iran refining capacity by 30%: Deputy oil minister
SHANA (Tehran) – Iran’s refining capacity will increase 30 percent and rise to 3 million barrels per day from 2.3m bpd when the projects of refinery-integrated petrochemical plants become operational, said the deputy oil minister for planning on Tuesday.
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More countries express interest in joining OPEC+, says top official
The Organization of the Petroleum Exporting Countries is in talks with several countries interested in joining the wider alliance known as OPEC+, its secretary-general said on Monday.
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Algeria to host 7th GECF Summit
Algeria has launched the official website for the upcoming 7th Gas Exporting Countries Forum (GECF) Summit of Heads of State and Government, scheduled to take place in Algiers, the Democratic Republic of Algeria, on March 2, 2024.
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Oil slips after rally last week on Middle East, tight supply
Oil prices slipped on Monday as investors indulged in some profit-taking after both benchmarks ended last week about 6% higher on Middle East tensions and as refining outages squeezed refined products markets.
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NIOC chief: $14b contracts, SP pressure-boosting project due by end of winter
SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director announced $14 billion contracts for developing oil and gas fields will be signed and a project for boosting pressure in the South Pars (SP) gas field will start by the end of this winter.