Iran
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Agreeing on OPEC-non-OPEC Cooperation Prolongs Meeting
VIENNA (Shana) -- "Assessing how to institutionalize OPEC and non-OPEC cooperation" is the main reason for the prolonged meeting of the OPEC ministerial meeting behind closed doors. This issue which has been considered by experts over the past several months still has ambiguities that have caused the Iranian petroleum minister to be the serious and main opposer of this plan," sources said.
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OPEC Existence main Concern for Iran: Zangeneh
VIENNA (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh told reporters ahead of the 176th OPEC meeting in Vienna that the existence of the Organization of the Petroleum Exporting Countries (OPEC) was the main issue for Iran in the meeting.
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Zangeneh Meets with OPEC President in Vienna
VIENNA (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh met with the OPEC President Manuel Quevedo, who is also Venezuelan Oil Minister, in Vienna ahead of the organization’s 176th Meeting later on Monday.
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Unilateralism, Biggest OPEC Problem: Zangeneh
VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said he had no problem with output cut, slamming "unilateralism" as the biggest problem in the Organization of the Petroleum Exporting Countries (OPEC).
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OPEC+ Deal Meaningless without Unanimity inside OPEC
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh voiced Iran’s support for an agreement between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers, saying, however, such an agreement would be meaningless without an internal understanding inside the organization.
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Zangeneh Leaving Tehran to Attend OPEC Meeting in Vienna
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh will leave Tehran for Vienna within hours to attend the 176th meeting of the Organization of the Petroleum Exporting Countries (OPEC).
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Iran Oil Refining Capacity to Reach 2.4 mbd by March
TEHRAN (Shana) -- Plans are under way to bring Iran’s oil refining capacity to 2.4 million barrels per day by the end of the current Iranian calendar year to March 20, 2020.
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Russia-Korea-Oil Triangle to Defeat US
TEHRAN (Shana) -- North Korean leader Kim Jong-un’s visit to Russia was significant on several fronts. Some had laid emphasis on the political aspects of this visit and its impact on future talks between North Korea and the United States. Some others mainly focused on Russia-North Korea ties and looked into their political and economic aspects.
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Hendijan Platforms almost Complete
TEHRAN (Shana) – Construction of platforms 7 and 8 of Hendijan offshore oilfield has made 90 percent progress.
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NIDC Drills 28 Oil Wells in Q1
TEHRAN (Shana) -- The National Iranian Drilling Company (NIDC) successfully spudded 28 oil and gas wells over the first three months of the current calendar year, which began on March 21.
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Threat to Iran Would Jeopardize Energy Security
TEHRAN (Shana) -- The world oil market is highly dynamic. Over recent months, this dynamism has picked up speed due to ongoing geopolitical events in the oil sector. The Trump administration has imposed sanctions on Iran’s petroleum sector in a bid to zero the country’s oil exports and drive Iran and even the Organization of the Petroleum Exporting Countries (OPEC) out of the oil market. The dependence of nations on oil carries one single message: Threatening Iran, which sits atop the world’s largest oil and gas reserves, will jeopardize the energy security.
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$16bn Investment Needed in North Pars
Some 120 kilometers southeast of Bushehr Province lies the North Pars gas field. The offshore field is 3,500 meters deep underground, and is estimated to hold 57 tcf of gas.
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Investment Potential in Ahvaz Field
TEHRAN (Shana) -- Iran sits atop 10% of oil reserves in the world, thereby becoming the fourth largest holder of crude oil deposits in the world. Due to a variety of reasons, Iran has so far tapped not more than 20% of its reserves with the rest remaining intact.
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Iran Complying with Paris Agreement
TEHRAN (Shana) -- With the implementation of output quality improvement projects in Iran’s refineries and the production of Euro-4 gasoline, Iran has taken effective measures in compliance with the Paris Agreement which came into effect in December 2015.
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Zangeneh Complains about “Fake” Oil Purchasers
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said there were some people who contacted the National Iranian Oil Company (NIOC) as oil purchasers only intended to get information about how the company sells and exports crude oil and were “fake” oil customers.
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OPEC 176th Meeting Rescheduled for July 1
TEHRAN (Shana) -- 14 members of the Organization of the Petroleum Exporting Countries (OPEC) agreed to change the date of the upcoming OPEC meeting and the OPEC+ assembly from 25 and 26 of June to June 1 and 2, respectively.
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Gas Storage Facility Receives 5 bcm of Gas in 7 Years
TEHRAN (Shana) -- Serajeh Gas Storage Facility, located in Qom Province in Central Iran, has received over 5 billion cubic meters of natural gas since 2011.
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Iran, Russia Eye Enhanced Energy Ties thru MoU
TEHRAN (Shana) -- Iran and Russia have signed a Memorandum of Understanding on oil and gas cooperation which will bolster the two countries’ energy relations.
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Iran, Russia Sign Energy MoU
TEHRAN (Shana) – Tehran and Moscow signed a Memorandum of Understanding after the third meeting of the Iran-Russia Energy Working Group here in Tehran on Monday.
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Zangeneh Refutes Allegations of Verbal conflict with President Rouhani
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh reacted to recent rumors about his verbal struggle with President Hassan Rouhani, saying those who spread such rumors “are liars.”
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Loading Phase 14 Platform
BANDAR ABBAS (Shana) -- Loading of the third platform of Phase 14 project of the supergiant South Pars gas field.
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Phase I of Hengam Petchem Plant 73% Complete
TEHRAN (Shana) -- The first phase development of Hengam Petrochemical Plant has so far made 73 percent physical progress.
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Window for Abe!
TEHRAN (Shana) -- Shinzō Abe, Japan's Prime Minister, who just played golf with US President Donald Trump in Tokyo two weeks ago, is heading to Tehran this week to broker easing of strained relations between Tehran and Washington.
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Targeting Petchem Companies with Sanctions, Economic Terrorism: Spokesman
TEHRAN (Shana) – The spokesman of the Iranian Ministry of Foreign Affairs condemned imposition of sanctions on Iran's petrochemical companies by the United States, describing it as an example of “economic terrorism”.
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India Refraining from Developing Iran Gas Field due to Sanctions: Zangeneh
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said India was not planning to develop Iran’s Farzad B gas field due to sanctions.
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Iran Not to Exit OPEC: Zangeneh
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said the country had no plans to exit the Organization of the Petroleum Exporting Countries (OPEC).
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1st Economic Forum of the Caspian Littoral States Due on August 11, 12
TEHRAN (Shana) -- The first economic forum of the Caspian littoral states will be held on August 11 and 12, with representatives of governments, the private sector, academic communities and a number of international organizations in Turkmenistan’s Awaza.
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Buying Petrol Possible Only by Providing Smart Fuel Card by Aug. 11: NIOPDC
TEHRAN (Shana) – The National Iranian Oil Products Distribution Compnay (NIOPDC) announced in a statement that purchasing petrol by Iranian motorists would only be possible by providing a smart fuel card as of August 11, 2019.
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Master Plan for Downstream Petchem Development Underway
TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) said the master development plan for downstream petrochemical industries is being prepared.