Oman will amend its 2009 budget to assume an average oil price of $45 a barrel following a sharp decline of around $100 in international crude prices since July.
Oman’s official news agency said the Persian Gulf Arab oil producer’s council for financial affairs and energy resources agreed at a meeting to amend the oil [...]
Iran’s Deputy Foreign Minister Hossein Sheikholeslam said his country needs nuclear energy as a substitute for its oil resources.
“Iran will have oil for over 100 years but once its energy resources is depleted, nuclear energy will be the only logical substitute,” the Islamic republic news agency quoted Sheikholeslam as saying.
Iran is in a row [...]
Iran’s member of parliament Seied Mohammad Reza Tajeddini said here on Sunday that Iran has lost billions of dollars by a gas deal with a Gulf firm, the official IRNA news agency reported.
Tajeddini regarded the contract between the two sides as illegal, adding that it was against the constitution and the interest of the [...]
TEHRAN, Iran (AP) — Three weeks ago, a hard-line cleric close to Iran’s president gloated publicly that the world financial crisis was God’s punishment on the United States. The laughter, however, was short-lived.
Iran plunged this week into a bitter storm of political recrimination, largely directed at President Mahmoud Ahmadinejad, as officials and ordinary Iranians realized [...]
Reuters, The Associated Press
TEHRAN: Russia, Iran and Qatar made the first serious moves Tuesday toward forming an OPEC-style cartel on natural gas, raising concerns that Moscow could boost its influence over energy markets spanning from Europe to South Asia.
The Russian gas export monopoly Gazprom said it had agreed with Iran and Qatar to form a [...]
TEHRAN, Oct. 11 (Xinhua) — Iranian Oil Minister Gholam-Hossein Nozari on Saturday called for the stability of international oil market after a sharp crude price decline on Friday, Iran’s English-language Press TV reported.
“We should be after market stability,” Nozari told reporters Saturday after the opening ceremony of an oil forum [...]
TEHRAN, Iran — Oil prices may be softening, but the price of natural gas is climbing sharply in the Persian Gulf, thanks to the booming economies of the Arab petro-states.
Iran looks set to squeeze the region’s highest wholesale gas prices from the United Arab Emirates as part of a 25-year, $2 billion natural-gas export deal [...]
TEHRAN (Reuters) - Rising costs for oil projects may threaten new investment in producing countries, Iran’s oil minister said in remarks published on Saturday.
Gholamhossein Nozari also said volatility in oil prices, which have swung above and below $100 a barrel this month, was partly due to the instability of the U.S. dollar.
“The oil market [...]
Martin B. Malin, SPECIAL TO THE WASHINGTON TIMES
As the presidential nominees’ debate on national security issues approaches, there is one issue on which both sides agree - preventing nuclear terrorism and proliferation must be a top priority.
The nominees also have converged on another theme - using Russia as a rhetorical punching bag to look tough [...]
BEIJING (RIA Novosti) - Last month’s fire at the Tianwan nuclear power plant in China will not have an adverse affect on Russian tenders for the construction of new energy units in the country, a Russian trade official said on Friday.
Chinese media reported on Thursday that the fire broke after an explosion at the [...]
