South Pars gas field to attract $16b in fiscal year

05/19/2013

Some $16 billion will be invested in Iran’s South Pars gas field in the current Iranian calendar year, Pars Oil and Gas Company Managing Director Mohammad-Reza Zohairi said on Saturday.

Iraqi merchants buying Iranian wheat at a higher price

05/19/2013

On Saturday, a number of Iranian MPs criticized the government for buying wheat from farmers at a low price, saying it has encouraged Iraqi merchants to buy wheat from Iranian farmers at a higher price.

Euro zone in longest recession ever since records began in 1995

05/16/2013

Wednesday’s economic growth numbers make it official: The euro zone is in its longest recession since records began in 1995.

Iran’s car imports drop 68% in month

05/16/2013

Iran’s car imports fell by 68.3 percent in number in the first Iranian calendar month of Farvardin (March 21-April 20), ISNA reported on Wednesday.

Turkey to transit 2bcm of Iranian gas to Europe

05/16/2013

Turkey will to transit 2 billion cubic meters of Iranian gas annually to Europe, the Mehr News Agency reported on Wednesday.

NIOC, world’s 3rd biggest oil company: Oil & Gas IQ

05/16/2013

Oil & Gas IQ, a leading online resource and community for the oil and gas industry, has ranked the National Iranian Oil Company (NIOC) as the third biggest oil company in the world.

Iran to build 6 oil refineries in Africa

05/13/2013

Iran will establish six oil refineries in Africa, the chairman of the union of Iranian exporters of oil derivatives announced on Sunday.

IRISL operating 164 ships in international waters despite sanctions

05/13/2013

The Islamic Republic of Iran Shipping Lines (IRISL) is currently active with 164 ships in international waters despite sanctions against the country’s oil industry, IRISL Managing Director Mohammad Hossein Dajmar stated.