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A sophisticated fuel oil smuggling network that some experts believe generates at least $1 billion a year for Iran and its proxies has flourished in Iraq since Prime Minister Mohammed Shia al ...
Feb. 3—The U.S. military's continuing efforts to defuel and ultimately close the underground Red Hill fuel storage facility have sparked an unexpected controversy all the way in the Philippines ...
President Masoud Pezeshkian said in a video published on Tuesday that fuel subsidies made no sense in Iran, a major oil producer with a struggling economy that has faced protests in the past over ...
As of 2011 Iran is a net exporter of petroleum products thanks to large exports of residual fuel oil, but the refineries cannot meet domestic demand for lighter distillates such as gasoline. [ 34 ] Between 1981 and 2010, domestic consumption of oil products increased from 0.6 Mbbl/d (95,000 m 3 /d) to 1.8 Mbbl/d (290,000 m 3 /d) [ 34 ] —an ...
However by the end of March 2012, the Philippines did not import any oil from Iran. [16] Earlier in January 2012, President Benigno Aquino III appealed to a number of U.S. lawmakers to consider Philippine interests, as it would want to maintain "non-harmful" trade with Iran. [17] Philippine fruit exports to Iran was greatly affected.
Iran's total revenues from the sale of oil amounted to $77 billion in Iranian year 1387 (2008–09). [13] The average sale price of Iran's crude oil during that year was $100 per barrel. [ 13 ] According to the National Iranian Oil Company , Iran's average daily production of crude oil stood at 4 million barrels (640,000 m 3 ) per day.
DUBAI (Reuters) -Iran's Revolutionary Guards seized a tanker holding 900 metric tons of "smuggled fuel" and 12 crew members based on a court order, a report by the semi-official Fars news agency ...
Iran's gas reserves are 15% of the world's total. Iran is a founding member of the Gas Exporting Countries Forum . The National Iranian Gas Company (NIGC) was established in 1965 as one of the four principal companies affiliated to the Ministry of Petroleum of the Islamic Republic of Iran with 25,000 million Rials initial capital.