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Iran vows oil output rise beyond 500k bpd

ENERGY

Iran vows oil output rise beyond 500k bpd

Bijan Zangeneh, Iran’s oil minister, says the increase in Iran's oil output will be higher than 500,000 barrels per day once the sanctions are lifted.

Putin urges dollar to be ditched in oil deals

BUSINESS

Putin urges dollar to be ditched in oil deals

President Vladimir Putin has raised the ante in Russia’s bid to cut dependence on the dollar, urging greater use of the national currency, the ruble, in oil deals.