Mar 6 2014 - 17:36
South Korea will make a first payment of $550 million to Iran for imports of crude oil under an interim nuclear deal that has provided limited relief from sanctions, sources with direct knowledge of the matter said on March 5, writes Trend. The payment on Friday will come after Japan made the first and second oil payment to Iran in February and earlier this week.
Mar 6 2014 - 11:40
The lawsuit of Turkey against Iran over gas prices will continue at the International Court of Arbitration throughout the year, said Turkish Minister for Energy and Natural Resources Taner Yildiz, Trend reports.Turkey pays Iran $490 per thousand cubic meters, according to Turkish mass media. Turkey pays $355 for the same volume of Azerbaijani gas delivered through the Baku-Tbilisi-Erzurum Pipeline.The lawsuit was filed in March 2012, based on the deal Turkey and Iran signed in 1996.
Mar 5 2014 - 12:53
Ismail Agakishiyev, Chairman of the board of directors of the Analysis, Consulting, PR Union of Companies, has rounded up the international conference “Geopolitics of the Caspian-Black Sea Region: security problems” in Baku yesterday, stating that all countries of the Caspian-Black Sea Region had their own vision of security and all agreed that joint projects would bring them closer. Joint projects, in his words, would weaken influence of non-regional forces, such as NATO, in the area.
Feb 28 2014 - 11:35
Iranian Energy Minister Hamid Chitchian said that prices for electricity in Iran had increased by 25% on February 20, Trend reports.Gomayun Haeri, Managing Director of Iran’s Power Plant Projects Management Company (MAPNA), said in late September 2013 that the country’s expenses to produce electricity exceeded income from its sales threefold.Iran has about 28 million addresses of power consumers.
Feb 27 2014 - 16:24
Tehran has cautioned Islamabad over falling behind schedule in fulfilling its obligations with regard to a multi-billion-dollar pipeline project that would take natural gas from Iran to Pakistan. “Regarding a contract on selling gas to Pakistan, given the commitments under the joint deal, the Iranian side has completed more than 75 percent of the gas pipeline on Iranian soil so far,” said Iranian Deputy Oil Minister for International and Trade Affairs Ali Majedi on Wednesday, reports Press TV.
Feb 27 2014 - 12:57
Iranian Foreign Minister Mohammad Javad Zarif said at the Indira Gandhi International Airport in New Delhi that Iran and India will develop cooperation in the oil and banking sectors, Trend reports.The minister will have talks with Indian officials within the framework of his two-day visit. He noted the need to work on regional and global issues. Zarif pointed out that extremism, terrorism and the future of Afghanistan were the priority issues for discussions.
Feb 26 2014 - 14:39
Turkish Minister for Energy and Natural Resources Taner Yildiz said that the prices for gas set by Iran were unsatisfactory for Turkey, Trend reports.He noted that Turkey will not increase volumes of gas imports at such costs. The minister said that Turkey was waiting for a decision of the International Court of Arbitration.