Apr 14 2014 - 14:41
Iranian Oil Minister Bijan Zanganeh said that oil extraction will rise from 3 million barrels to 5.7 million barrels a day by 2018, ITAR-TASS reports.Moshtagh Al-Gohari, head of the National Iranian Oil Company, said that $14 billion will be invested in the petroleum industry.The International Energy Agency said that oil exports in February increased by 240,000 barrels to 1.65 million barrels a day. Iran is allowed to sell a maximum of 1 million barrels of oil a day.
Apr 9 2014 - 17:06
China is going to invest in Iran's oil and chemical industry, the deputy head of the Iranian National Oil and Chemical Industry Company, Hassan Peyvandi, said today.
Apr 8 2014 - 18:17
The Iranian authorities are going to reduce inflation in the country to 25 percent, President Hassan Rouhani told Iranian lawmakers today. The government is also going to establish new jobs and raise wages for state employees, Rouhani said.
Apr 3 2014 - 19:51
A meeting of experts of the "six" international mediators and Iran aimed at preparing the third round of negotiations on comprehensive settlement of the Iranian nuclear problem started in Vienna on Thursday, a diplomatic source close to the negotiations confirmed to RIA Novosti. Following the results of the previous, second round of talks held in Vienna on March 18-19, it was announced that the third round at the level of political directors would be held in the Austrian capital on April 7-9, and the expert meeting - on April 3-5.
Apr 1 2014 - 12:20
A project on import of Iranian gas to Pakistan cannot be implemented due to international sanctions against Tehran, the minister of oil and natural resources of Pakistan Shahid Hakan Abbasi said in the National Assembly of the country. The minister stated that as international sanctions continued their operation, the project would be frozen. Even if the gas pipeline is built, Pakistan will have no opportunity to buy Iranian gas under the current sanctions, Iran.ru reports.