Xinhua News Agency
Malaysia will invest US $5 to $6 billion in Iran’s gas fields, according to the cooperation memoranda of understanding (MOU)s that the two sides signed on Monday, Iran’s satellite press TV reported Tuesday.
“Malaysia will invest $5 to $6 billion via buy-back contracts in two Iranian gas fields (Ferdous and [...]

Iran’s Oil Minister Gholam-Hossein Nozari says the country will boost its oil production to 5.3 million barrels per day by the end of 2010.
“Iran currently produces 4.35 million barrels of oil per day but the Oil Ministry intends to reach 5.3 million barrels per day by the end of the Fourth Five-Year Development Plan (2005-2010),” [...]