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Iran Named S. Korea's No. 2 Oil Supplier in Q1

EghtesadOnline: Iran ranked as South Korea's second-biggest oil exporter over the first three months of 2017 as it ramped up output to regain market share after international sanctions were lifted last year, the first time ever it has claimed the No.2 spot on a quarterly basis.
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Publish Date:26/April/2017 | 09:21

Budget’s Oil Dependence Declines to 30%

EghtesadOnline: The taxation policy of the Ministry of Economic Affairs and Finance has proven to be effective in reducing the dependency of Iran’s budget on oil revenues from 70% during the previous administration to less than 30%, Dolat.ir reported.
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Publish Date:26/April/2017 | 09:02

Iran's May Crude Exports Set to Fall

EghtesadOnline: Iran's crude oil exports are set to hit a 14-month low in May, a person with knowledge of Iran's tanker loading schedule said, suggesting the country is struggling to raise exports after clearing out stocks stored on tankers.
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Publish Date:22/April/2017 | 08:35

Azar Oilfield Output to Reach 30,000 bpd

EghtesadOnline: Production from Azar Oilfield in the southern Ilam Province is slated to double in May, said Keyvan Yarahmadi, who oversees the development of field at the Petroleum Engineering and Development Company.
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Publish Date:22/April/2017 | 08:32

Kuwait: Iran Showing Good Coop. With OPEC

EghtesadOnline: Iran will probably be allowed to keep its oil production unchanged if OPEC decides to extend its six-month agreement on output cuts beyond June, Kuwaiti Oil Minister Issam Almarzooq said, adding that the Persian Gulf OPEC member has shown strong compliance with the OPEC supply cut deal.
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Publish Date:22/April/2017 | 03:41

POGC Given Charge of South Pars Oil Extraction

EghtesadOnline: The National Iranian Oil Company has selected Pars Oil and Gas Company (POGC) as the new contractor of the second development phase of the South Pars Gas Field's oil layer, the deputy for development and engineering at the NIOC said Wednesday.
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Publish Date:22/April/2017 | 03:40

Ghadir Co. Signs Deal to Study 4 Oil, Gas Fields

EghtesadOnline: Ghadir Investment Company, a major Iranian conglomerate, has signed an agreement with the National Iranian Oil Company to study four oil and gas fields.
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Publish Date:22/April/2017 | 03:39

Petroleum minister puts Iran's oil exports at 2.6m bpd

EghtesadOnline: Minister of Petroleum Bijan Zangeneh said on Wednesday that Iran exported more than 2.6 million bpd last year on average and will continue the same path this year.
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Publish Date:13/April/2017 | 07:55

Petroleum minister puts Iran's oil exports at 2.6m bpd

EghtesadOnline: Minister of Petroleum Bijan Zangeneh said on Wednesday that Iran exported more than 2.6 million bpd last year on average and will continue the same path this year.
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Publish Date:13/April/2017 | 07:55

Iran's crude oil export to India increases 540,000 bpd

EghtesadOnline: Iran’s crude oil export to India for the fiscal year 2016-2017 increased to 540,000 barrels per day showing a three-fold rise in comparison with the preceding year.
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Publish Date:09/April/2017 | 13:47

Iran's crude oil export to India increases 540,000 bpd

EghtesadOnline: Iran’s crude oil export to India for the fiscal year 2016-2017 increased to 540,000 barrels per day showing a three-fold rise in comparison with the preceding year.
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Publish Date:09/April/2017 | 13:47

India's oil imports from Iran top 500,000 bpd in 2016/17 - trade

EghtesadOnline: India's Iran oil imports jumped to a record high in 2016/17 topping half-a-million barrels per day (bpd) as refiners boosted purchases after lifting of some Western sanctions against Tehran last year.
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Publish Date:08/April/2017 | 24:40

India's oil imports from Iran top 500,000 bpd in 2016/17 - trade

EghtesadOnline: India's Iran oil imports jumped to a record high in 2016/17 topping half-a-million barrels per day (bpd) as refiners boosted purchases after lifting of some Western sanctions against Tehran last year.
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Publish Date:08/April/2017 | 24:40

Iran's YoY Oil Price Rises 25%

EghtesadOnline: Iran's crude oil prices settled around 25% higher in March compared to the same period the previous year, drawing support from a global pact to scale back production to prop up prices.
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Publish Date:06/April/2017 | 18:10