Monday 15 February 2016
 
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Iran

Iran offers mining riches, but investors cautious

Iran's rich deposits of zinc, copper, gold and other minerals are tempting international investors after the lifting of Western sanctions, but development of the sector will take time and problems will have to be overcome. A s

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BASF plans $4bn investment in Iran petchem industry

Germany-based BASF, a leading chemical company, has announced plans to invest around $4 billion in Iran’s petrochemical industry, a report said. The negotiations are underway with BASF to construct a petrochemical township i

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BASF plans $4bn investment in Iran petchem industry

Germany-based BASF, a leading chemical company, has announced plans to invest around $4 billion in Iran’s petrochemical industry, a report said. The negotiations are underway with BASF to construct a petrochemical township i

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Iran exporting 1.3m bpd of crude, set to increase

Iran is exporting 1.3 million barrels a day of crude oil, and will be pumping 1.5 million barrels a day by the start of the next Iranian year on March 20, a vice president was quoted as saying on Saturday. "Today our oil expo

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New app helps young Iranians avoid ‘morality police’

A new smartphone application that helps Iranians dodge the Islamic Republic's "morality police" is proving popular with the young, tech-savvy population but has quickly fallen foul of the authorities.  

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Russian engine firm, Iranian oil company eye $890m contract

A subsidiary of Russian state defence company Rostec, United Engine-building Corporation (UEC), is preparing a 50-70 billion rouble ($635-890 million) supply contract with Iranian oil firm Kala Naft Tehran, Russia's TASS news agency report

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Foreign oil firms to settle Iran's debt in euros: Zangeneh

Iran's oil minister said foreign oil companies that owe his country billions of dollars are likely to settle their debts in euros.   Greece's Hellenic Petroleum, Italy's Saras and Royal Dutch Shell ow

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South Pars Phases 20, 21 to start ops in March

Phases 20 and 21 in Iran’s South Pars field are set to begin preliminary operations in late March, a report said.  “All stages of preparation including testing of lines and connections for the refinery sector as w

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Oil prices rebound from sharp selloff

Crude oil prices pushed higher on Wednesday after Iran said it was open to cooperation with Saudi Arabia, partly recovering from an 8 per cent fall in the previous session led by concerns over demand and weak equities. Prices were

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Iranian oil minister calls for $200bn of investment

Iran's oil industry will need $200 billion of investment to help it develop in the coming years, mostly from outside the country, the oil minister was quoted as saying.   "We need $200 billion of investm

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