Iran
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Tehran, Caracas Keen on Developing Gas Relations
TEHRAN (Shana) -- The CEO of Iranian Gas Engineering and Development Company and the Vice President of Venezuela Oil Company in gas affairs met and discussed cooperation in the field of gas and equipment supply.
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OPEC+ Agree to cut Output by 2 mbd
TEHRAN (Shana) -- 23 member countries of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) reached a consensus in their 33rd meeting with a daily reduction of 2 million barrels per day for the period between November 2022 to December 2023.
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33rd OPEC+ Meeting Begins in Vienna
TEHRAN (Shana) -- The 33rd meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) started a few minutes ago at the headquarters of the OPEC Secretariat in Vienna.
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Iran Gas Export to Turkey stops for Periodic Repairs
TEHRAN (Shana) -- The Director of Dispatching of the National Iranian Gas Company (NIGC) announced that Iran’s gas flow to Turkey was stopped for eight days with the agreement of the two countries in order to carry out periodical repairs.
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Iran Oil Exports Underway Uninterrupted: Min.
TEHRAN (Shana) – The Iranian Minister of Petroleum said: “Iran's crude oil exports are being carried out without any problems to the target markets.”
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Self-sufficiency Center of Petchem Industry Launched
TEHRAN (Shana) -- "Petrochemical Industry Self-Sufficiency Center" was launched with the aim of making maximum use of all scientific and research capacities of the country in the development of the petrochemical industry.
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33rd OPEC+ Ministerial Meeting to be held in Vienna
TEHRAN (Shana) -- The 33rd meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, will be held in Vienna on Wednesday, October 5.
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Iran, Japan Senior Officials Keen on Development of Cooperation
TOKYO (Shana) -- In his meeting with the Minister of Foreign Affairs of Japan, the Iranian Minister of Petroleum emphasized the development of cooperation between the two countries.
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Iran Ready to Play Important Part in Supplying Energy to Japan
TOKOY (Shana) – Iranian Minister of Petroleum Javad Owji voiced Iran’s preparedness to cooperate with Japanese companies in the field on energy, and said: “Iran can play an important role in providing the energy needed by Japan.”
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Iran Oil Minister Visits Japan on Energy Grounds
TEHRAN (Shana) -- Iranian Minister of Petroleum Javad Owji held meetings with the executives of top Japanese oil and gas firms in Tokyo, in continuation of the 13th administration’s active energy diplomacy.
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Owji Conveys Iran Message of Condolence to Japan Premier
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji conveyed the message of condolence of the Islamic Republic of Iran to Fumio Kishida, the Prime Minister of Japan, and Aki Abe, Shinzo Abe's wife.
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66% Growth in Petchem Exports to Uzbekistan: Official
TEHRAN (Shana) -- The head of international affairs of the National Petrochemical Company (NPC) announced a 66% rise in the export of Iranian petrochemicals to Uzbekistan in 2021 compared to the previous year.
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5-Month Gas Supply to Industries up 13% Y/Y
TEHRAN (Shana) -- The CEO of the National Iranian Gas Company (NIGC) said gas supply to the country's major industrial units, including steel, cement and petrochemicals, has increased by 13% in the first 5 months of the current calendar year, which began on March 21 compared to the same period last year.
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Deputy Petroleum Minister meets with Belarusian Envoy
TEHRAN (Shana) -- The deputy Petroleum Minister for International Affairs and Trade had a meeting with the ambassador of the Republic of Belarus in the Islamic Republic of Iran with the aim of expanding the level of cooperation.
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Owji Meets Major Japanese Oil, Gas Firms
TOKYO (Shana) – Iranian Minister of Petroleum Javad Owji held meetings with the executives of top Japanese oil and gas firms in Tokyo, in continuation of the 13th administration’s active energy diplomacy.
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Iran Petroleum Minister Attends State Funeral of Japan Ex-Premier
TEHRAN (Shana) -- Iranian Minister of Petroleum Javad Owji attended the state funeral ceremony of late Japanese Prime Minister Shinzo Abe.
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Petroleum Minister Addresses AGGPM in Japan
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji addressed the Third Asia Green Growth Partnership Ministerial Meeting (AGGPM) in Japan.
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19% Y/Y Rise in 5-Month Iran Gas Exports
TEHRAN (Shana) -- The deputy petroleum minister for gas affairs announced that Iran's gas exports have increased by 19% in the first 5 months of the current calendar year, which began on March 21 compared to the same period last year.
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Owji Leaves Tehran for Tokyo
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji and the accompanying delegation left Tehran on Sunday for Tokyo to attend the Asia Green Growth Partnership Ministerial Meeting (AGGPM) and hold multilateral meetings.
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Owji: Tehran to Boost Energy Ties with Friendly Nations
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji has indicated that Tehran will boost energy relations with friendly nations, such as China and Russia, amid economic sanctions against the Middle Eastern country.
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44% Drop in Petchem Emissions
TEHRAN (Shana) -- The advisor to the CEO and the head of the social responsibility secretariat of the National Petrochemical Company (NPC) announced a 44% drop in the volume of petrochemical industry pollution in Iran, adding: “The amount of petrochemical companies' pollution has decreased from 66% to less than 22% at the end of last calendar year.”
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NIOC Announced Iran Crude Price for October Delivery
TEHRAN (Shana) – The National Iranian Oil Company (NIOC) has increased the official selling price of all types of crude oil for delivery to Asian customers in October.
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$7 to $10b Investment Needed in Iran Petchem Industry: Official
TEHRAN (Shana) – An official with the National Petrochemical Company (NPC) says Iran’s petrochemical industry needs an investment of 7 to 10 billion dollars for realization of its plans each year.
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Record-breaking Participation in 16th Iran Plast
TEHRAN (Shana) -- The Director of Iran Plast International Exhibition said: “This year, in the 16th Iran Plast Exhibition, the record of previous showcases was broken, both quantitatively and qualitatively.”
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16th Iran Plast Int'l Exhibition Kicks Off
TEHRAN (Shana) -- The 16th edition of Iran Plast International Exhibition officially started at Tehran’s permanent fairgrounds on Wednesday.
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Iran, Pakistan Discuss Energy Cooperation
TEHRAN (Shana) -- The president of Iran and the prime minister of Pakistan weighed plans for cooperation between the two neighbors in the energy industry.
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NIDC Bracing for Stronger Presence in Persian Gulf
TEHRAN (Shana) -- The CEO of the National Iranian Drilling Company (NIDC) said: With the provision of three offshore drilling rigs, the company's presence in the Persian Gulf waters will become stronger in the near future.
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Iran Joins SCO as Permanent Member
TEHRAN (Shana) -- The 22nd Shanghai Cooperation Organization (SCO) summit ended on Friday with a positive note. Iran officially joined the SCO, and all the participants signed the Samarkand Declaration in the end.
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SCO Accession helps Turn Iran into Regional Energy Hub: MP
TEHRAN (Shana) -- A member of the Parliament's Energy Committee published a tweet, saying: “Iran's permanent membership in the Shanghai Cooperation Organization (SCO) is a result of the administration’s targeted diplomacy with its neighbors which is laudable.”
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Defining Moments for Oil and Gas
TEHRAN (Shana) -- Energy prices went up sharply after February 24 when first Russian troops entered Ukraine. By late March 2022, it hit above $ 120.40 per barrel for Brent briefly but retreated to around $110 per barrel, though, the average price of crude oil was $105 per barrel for the first half of 2022. The slow and cautious reaction of oil market towards such major geographical escalation that would potentially cut over 6.7 mb/d of crude and products from Russia is an interesting phenomenon worth analyzing. Let’s be reminded that the international crude oil prices touched $147 per barrel back in 2008 after the United States descended into recession.