Foreigners to invest $20bn in Iran’s oil, gas
Asian entrepreneurs headed by China made the largest investments in Iran by investing in 40 out of 80 projects funded by foreigners.
Oil company denies Iran occupying Iraq oil well
The National Iranian oil company on Friday categorically denied a report claiming that Iranian troops have occupied an oil well in southern Iraq, a senior Iraqi military officer said Friday.
Iran, Libya discuss oil and gas projects
Iran’s Foreign Minister Manouchehr Mottaki says the Islamic Republic and Libya will set up economic, political and cultural committees to promote bilateral ties.
Hashemi says Iran has no right to Fakka oilfield
Iraqi Vice President Tareq al-Hashemi on Tuesday said that the Fakka oilfield is 100 percent Iraqi property, adding that Iran has no right to the ownership of the disputed field.
Turkmenistan, Iran set to open new gas pipeline
Iranian President Mahmoud Ahmadinejad arrived Tuesday in energy-rich Turkmenistan to attend this week’s opening of a new pipeline that will ensure a sharp increase in natural gas deliveries from the Central Asian nation.
Iran Iraq Oil Tensions See Crude Prices Rise
Crude futures are up 2.2% following reports that Iranian troops crossed the Iraqi border and took control of an oil field in southeastern Iraq. An official of the state-owned South Oil Company in told Agence France Presse that Iranian forces took control of Well 4 in the Fauqa Field, part of a cluster of fields [...]
Oil above $77 as traders eye Iran tension
Oil above $77 in Asia as Iran’s detention of 5 British sailors threatens to raise tensions
Oil prices bobbed above $77 a barrel Tuesday in Asia as Iran’s detention of five British sailors threatened to raise tensions between a major crude exporter and Western powers.
US urging China, Japan to buy less oil from Iran
US urges China, Japan, others to buy less oil from Iran to apply pressure over nuclear dispute
