Iranian exports of crude oil and condensate have surged to levels near before sanctions. surprising market observers and affording the country an important victory in a US economic war on Tehran.
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Japanese refiners are unlikely to continue buying Iranian crude from April onwards.
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About 152.000 barrels day of gas condensates will be produced from the South Pars expansion.
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OPEC and its partners decided to extend its production cuts till the end of 2018 in Vienna on November 30.
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Environmental lobbyists say the air quality around ports and refineries is among the dirtiest on the planet.
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The 11 OPEC member states committed to the agreement attained in February 101% of the agreed cuts.
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Cosmo Oil was among the first Japanese refiners along with Showa Shell. Fuji Oil to resume Iranian crude loadings in January.
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Last year. Google quietly started an oil. gas. and energy division.
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Venezuela'.s total crude output will fall to below 800.000 b d by the end of February.
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Russian energy giant Rosneft has loaned more than $6bn to PDVSA.
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