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Reviving low-productivity toward advancing oil technology
SHANA (Tehran) – The deputy minister of engineering, research and technology at the Oil Ministry said that the project to revive low-productivity wells has been recognized as a key initiative for advancing oil and gas production technologies, despite existing challenges.
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Saudi Arabia oil exports hit 21-month low in June
Saudi Arabia's crude oil exports fell for a third straight month in June to their lowest since September 2021, data from the Joint Organizations Data Initiative (JODI) showed, with big Asian buyers favouring cheaper Russian oil.