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Iran Crude Prices Near $50 Per Barrel

EghtesadOnline: Iran's crude oil edged closer to $50 a barrel at the end of last month, the Oil Ministry said.
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Publish Date:09/April/2017 | 08:42

West Karoun Block Raising Output to 500,000 bpd

EghtesadOnline: Plans are in place to boost oil production capacity to half a million barrels per day from shared oilfields with Iraq in an oil block known as the West Karoun in Khuzestan Province, a senior oil official said.
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Publish Date:09/April/2017 | 08:40

NISOC Gears Up for Higher Crude Output

EghtesadOnline: In line with plans to increase oil exports, the National Iranian South Oil Company says it is willing to increase oil output to more than 3 million barrels per day, managing director of NISOC said on Friday.
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Publish Date:08/April/2017 | 10:42

Iran to Certify More International Firms for Oil Tenders

EghtesadOnline: Tehran will extend the list of international companies that will be eligible for bidding in its coming oil and gas tenders, a deputy at the National Iranian Oil Company said.
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Publish Date:08/April/2017 | 10:39

Iran Will Cut Benefits on Oil Sales to Indian State Refiners

EghtesadOnline: Iran will cut some benefits to Indian state-run refiners on crude purchases after the South Asian country decided to reduce the amount of oil it buys from the Persian Gulf nation, people with knowledge of the matter said.
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Publish Date:08/April/2017 | 04:37

Iran sold all oil stored at sea – report

EghtesadOnline: Oil market sources say Iran has sold all the oil it had stored at sea for years – a sign of the country’s positive performance in marketing its vital crude oil supplies.
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Publish Date:06/April/2017 | 19:10

Zanganeh Rejects India Threat to Cut Oil Imports

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh on Wednesday dismissed India's decision to cut oil imports from Tehran in 2017-18 by a fifth as a threat, in an escalation of a dispute over a giant gas field contract.
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Publish Date:06/April/2017 | 18:07

Sturdy Rules Crucial for Investors’ Trust

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh says investors will not be convinced to invest in Iran's lucrative hydrocarbon sector unless they are confident that rules and regulations will not be the function of whims and fancies.
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Publish Date:05/April/2017 | 10:16

NIDC Expanding Oil, Gas Drilling

EghtesadOnline: In line with policies to ram up oil and gas production, the National Iranian Drilling Company has completed drilling operations in 193 exploration, appraisal, repair and production oil and gas wells during the previous fiscal that ended on March 20, NIDC's planning manager said on Tuesday.
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Publish Date:05/April/2017 | 10:14

Iran’s oil exports at record post-sanction highs

EghtesadOnline: Iran says its total exports of crude oil and condensate have surpassed 3 million barrels per day (mb/d) – a level not seen for at least the past six years.
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Publish Date:04/April/2017 | 24:12

NIORDC Concentrating on HSE, Refinery Infrastructure

EghtesadOnline: Improving health, safety and environment (HSE) management systems, safeguarding the environment, refinery expansion and selling oil byproducts through private companies top the National Iranian Oil Refining and Distribution Company's priority list in the present fiscal year that started on March 21, NIORDC deputy director said on Monday.
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Publish Date:04/April/2017 | 08:05

India to Cut Iran Oil Imports in Row Over Gas Deal

EghtesadOnline: Indian state refiners will cut oil imports from Iran in 2017/18 by a fifth, as New Delhi takes a more assertive stance over an impasse on a giant gas field that it wants awarded to an Indian consortium, sources familiar with the matter said.
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Publish Date:03/April/2017 | 09:50

1st cargo of Iranian oil delivered to Belarus

EghtesadOnline: A tanker carrying the first consignment of Iranian oil purchased by Belarus docked at the Port of Odessa, southern Ukraine, on Thursday delivering the cargo to the Belarusian side.
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Publish Date:24/March/2017 | 10:03

Technology, Investments Crucial to Oil Sector

EghtesadOnline: The National Iranian Oil Company can maintain its current production level of 3.9 million barrels per day for a maximum period two years. However, the 5.2 bpd production level envisaged in the sixth economic development plan (2017-22) will "not be possible without new investments."
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Publish Date:15/March/2017 | 13:39