Friday 26 December 2014
 
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Iran oil

Iran seeks oil deal tips from Iraq

Iran has asked Iraq for guidance on drafting oil development contracts, Iraq's top oil official said yesterday, another sign Tehran is working to lure foreign investors once sanctions are lifted. Iran is preparing a new invest

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Easing of insurance curbs may help Iran oil sales

Iran's nuclear deal with the West is not intended to let more of its oil into the market, the White House said, but an easing of the ban on European shipping insurance may help smooth crude exports to its big Asian customers.

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More, cheaper oil softens Iran sanctions impact

Rising global crude supplies and falling prices will cushion the impact on the global economy of unprecedented Western sanctions aimed at curbing Iran's nuclear programme, energy industry expert Daniel Yergin said. Benchmark Brent crude tr

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Japan near deal with US on Iran oil

Japan and the United States are close to an agreement on cuts in Japanese imports of Iranian oil that will allow Tokyo to avoid US sanctions, and may conclude a deal this month, Japanese Foreign Minister Koichiro Gemba told Reuters on Monday. 

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China, India plan Iran oil cuts of 10pc

China, India and Japan are planning cuts of at least 10 percent in Iranian crude imports as tightening US sanctions make it difficult for the top Asian buyers to keep doing business with the Opec producer. The countries together buy about

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Russia rejects EU plan to ban Iran oil

Banning Iranian oil sales would be a political move and Russia does not believe energy supplies should be used to exert pressure, Russia's energy minister said on Wednesday. European Energy Commissioner Guenther Oettinger said on Tuesd

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Iran sees oil, gas reserves balloon

Iran's oil and gas reserves rose by half a billion barrels and 5 trillion cu ft respectively with the discovery of new onshore oil and gas fields in the south and west of the country, an Iranian daily quoted a senior oil official as sayin

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China invests over $40bn in Iran oil, gas sector

Iran's main economic partner China has invested more than $40 billion in the Islamic republic's oil and gas sector, according to a senior Iranian official. China has also put forward proposals to participate in building seven new r

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Thailand 'may barter rice for Iranian oil'

Thailand, the world's biggest rice exporter, plans to barter rice for oil from Iran, its commerce minister said on Monday. 'Our senior officials plan to go to Iran by the middle of November to discuss the specifications of oil and

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