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IranPlast International Exhibition to help complete petrochemical value chain: Director
SHANA (Tehran) – The director of the 17th International Exhibition of Plastics, Rubber, Machinery and Equipment, commonly known as IranPlast International Exhibition, on Tuesday said the event will pave the way for completing the value chain of the petrochemical industry.
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Iran says will pursue rights over Arash gas field through expert-level talks
SHANA (Tehran) – Iran’s Foreign Ministry spokesman on Monday said the country’s rights over joint Arash gas field will be pursued through expert-level talks.
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Iran’s VP: Oil sales among factors increasing government revenue
SHANA (Tehran) – Iran’s vice president for parliamentary affairs on Sunday said oil sales, export growth, tax collection, and Productivity Law enforcement have increased the government revenue.
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Energy transitions guided by realism
Everyone has an opinion on oil. Some think it is the only thing to blame for climate change. Others say using oil can just be stopped, and we should not invest anymore in new oil projects and leave the resource in the ground. Oil conjures up images of geopolitics, consumerism, historical world events, modernity, the television show Dallas and the actor Daniel Day Lewis’s performance in There Will Be Blood. Oil has featured in countless books, movies and songs, in almost every language on Earth. It is discussed everywhere from the kitchen table to the highest offices in every country in every land.
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IranPlast expo to help discover downstream industry’s export capacities, needs: NPC head
SHANA (Tehran) – IranPlast International Exhibition plays a major role in discovering export capacities and needs of the downstream industry, said National Petrochemical Company (NPC) Managing Director Morteza Shahmirzaei on Saturday.
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3,200-ton platform relocation, installation at SP Phase 11 a great engineering feat for Iran
SHANA (Assaluyeh) – The relocation of a 3,200-ton platform installed at Phase 11 of the South Pars gas field by Iranian experts has been described as “unparalleled” in the Persian Gulf region in terms of execution and complexity. The development project of Phase 11 in the southernmost and farthest border section of the gas field languished in partial completion by foreign companies, namely France’s TotalEnergies, for over 20 years has been implemented by domestic engineers and inaugurated by President Seyyed Ebrahim Raeisi.
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Oil could hit $107: Goldman Sachs
Oil prices could climb well into triple-digit territory by next year if Russia and Saudi Arabia don’t unwind their supply cuts, Goldman Sachs warned its clients.
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Director: IranPlast International Exhibition to host 210 foreign companies
SHANA (Tehran) – The 17th International Exhibition of Plastics, Rubber, Machinery and Equipment, commonly known as IranPlast International Exhibition, will host 560 domestic and 210 foreign companies in Tehran from September 17-20, said the exhibition director on Tuesday.
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Saudi Arabia to extend voluntary cut of 1m bpd until end of year
Saudi Arabia on Tuesday extended its one-million-barrel-per-day voluntary crude oil production cut until the end of the year, according to the state-owned Saudi Press Agency.
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Iran oil minister, Burkina Faso FM discuss cooperation
SHANA (Tehran) – Iran’s Oil Minister Javad Owji voiced and Burkinabe Foreign Minister Olivia Ragnaghnewende Rouamba hold talks on bilateral cooperation in Tehran on September 4, 2023.
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Owi: Iran ready for building oil refinery in, exporting engineering services to Burkina Faso
SHANA (Tehran) – Oil Minister Javad Owji voiced Iran’s readiness for building an oil refinery in Burkina Faso and exporting technical and engineering services to the African country.
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Iran, Chinese consortium sign petrochemical MoU
SHANA (Tehran) – A trilateral memorandum of understanding (MoU) on providing technical know-how and implementing a project of Iran’s Fanavaran Petro Olefin Company is inked by Navid Shahidinia, acting head of Fanavaran Petro Olefin Company, an affiliate of Fanavaran Petrochemical Company, and a Chinese consortium in the presence of Iran’s National Petrochemical Company (NPC) Managing Director Morteza Shahmirzaei in Tehran on August 4, 2023.
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Iran’s petrochemical chief woos foreign investors with $150b projects
SHANA (Tehran) – Iran’s National Petrochemical Company (NPC) managing director has highlighted investment opportunities to attract foreign investors.
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Global crude oil supplies to improve on refinery maintenance – Vitol exec
Global crude oil supplies are expected to improve in the next six to eight weeks because of refinery maintenance, although sour crude will stay tight, said Russell Hardy, chief executive of the world's largest independent oil trader, Vitol.
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NISOC head: Iran can overcome sanctions by relying on domestic capabilities
SHANA (Tehran) – The 13th administration proved that Iran can defeat sanctions by relying on domestic capabilities, said the National Iranian South Oil Company (NISOC) managing director.
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South Pars Phase 11 gas project launch a great achievement, says MP
SHANA (Tehran) – A member of Iran’s Parliament on Monday called the inauguration of Phase 11 of the South Pars (SP) gas field a great achievement of the 13th administration.
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Deputy minister says knowledge-based firms will help improve furnace oil quality
SHANA (Tehran) – Iran’s deputy oil minister and the National Iranian Oil Refining and Distribution Company managing director on Sunday said NIORDC will enjoy domestic knowledge-based cooperation to accelerate the implementation of a project for improving furnace oil.
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MP says energy diplomacy has increased oil exports
SHANA (Tehran) – The incumbent administration’s effective diplomacy has increased oil exports, said a member of Parliament on Sunday.
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Nigeria pumping 1.67 million barrels of oil and condensates per day
Nigeria is pumping 1.67 million barrels of oil and condensates per day, compared with just under a million barrels some months ago, due to security improvements in the producing Niger-Delta region, the head of the state-oil firm NNPC said.
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Great breakthroughs achieved in Iran oil exports over past two years: MP
SHANA (Tehran) – Great achievements have been achieved in selling Iran’s oil since two years ago, said a member of Parliament on Sunday.
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MP: Oil sales never tied to JCPOA revival, sanctions removal by incumbent administration
SHANA (Tehran) – Iran’s 13th (incumbent) administration has never tied oil sales to revival of the Joint Comprehensive Plan of Action (JCPOA) and removal of sanctions imposed on the country, said a member of Parliament on Saturday.
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Owji reports 40% rise in Iran oil production capacity after Leader urges output hike
SHANA (Tehran) – Iran’s oil production capacity has jumped 40 percent since two years ago, Oil Minister Javad Owji said on Saturday.
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OPEC oil output rises in August as Iran hits 2018 high: Reuters survey
OPEC oil output rose in August as Iranian supply rose to its highest since 2018, a Reuters survey found on Thursday, despite ongoing cuts by Saudi Arabia and other members of the wider OPEC+ alliance to support the market.
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Why the world needs more oil, not less
What do toothpaste, deodorant, soap, cameras, computers, gasoline, heating oil, jet fuel, car tires, contact lenses and artificial limbs have in common?
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Raeisi: Oil, gas output rise among important measures of 13th administration
SHANA (Tehran) – Iran’s President Seyyed Ebrahim Raeisi on Wednesday said increase in oil and gas output and full settlement of a problem caused by offshore storage of 87 million barrels and gas condensates have been among top measures carried out by the 13th administration.
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Leader lauds government performance, oil, gas, petrochemical achievements
SHANA (Tehran) – Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei on Wednesday praised the 13th (incumbent) administration’s performance and achievements in oil, gas and petrochemical sectors.
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MP says 13th administration has increased Iran’s oil revenues without any deal
SHANA (Tehran) – A member of Iran’s Parliament on Wednesday said the 13th (incumbent) administration has increased the country’s oil revenues without signing any agreement.
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Oil rises on U.S. stockpile draw and hurricane jitters
Oil prices extended gains on Wednesday after industry data showed a large draw in crude inventories in the U.S., the world's biggest fuel consumer, and as a hurricane in the Gulf of Mexico kept investors on edge.
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German firms fear the energy transition: Survey
German companies see the energy transition bringing more risks than opportunities for their competitiveness, the DIHK Chambers of Commerce and Industry said on Tuesday.
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President: SP Phase 11 inauguration proves work not left undone in Iran
SHANA (Tehran) – The inauguration of Phase 11 of the South Pars (SP) gas field showed that work is not left undone in Iran, said President Seyyed Ebrahim Raeisi on Tuesday.