Saturday 1 November 2014
 
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Iran

Asia buys less Iran crude, but volumes above 1m bpd

Asian buyers of Iranian crude imported 6.6 per cent less in September than a year ago, the first on-year decline since December, but shipments rose back above the one million barrels-per-day mark allowed under a deal that eased Western sanctions

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Opec unlikely to cut oil output, says Iran

Opec is unlikely to lower its oil production ceiling when the group meets in November, a senior Iranian oil official said, in comments that reduced the likelihood of any collective Opec action to support prices. Iran is normally a

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Iran eyes $70bn investment in petchem sector

Iran has drafted a 10-year plan to attract $70 billion in investments into its petrochemical sector and an investment fund will be set up in this regard, a senior official has said. Deputy Minister of Oil Abbas She'ri Moqaddam

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Iran says lower oil prices a new tactic to undermine its economy

Iran has accused fellow Muslim countries in the Middle East of plotting with the West to bring down oil prices as a tactic to further undermine its sanctions-hit economy.   With oil losing a quarter of its value

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Iran’s rising divorce rate touches 20pc

Weddings in Iran have long been an over-the-top affair with families spending thousands of dollars to celebrate a union. But now some couples are splurging on an entirely different sort of nuptial celebration: a divorce party. Loc

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Iran offers compromises; West unmoved

Iran is pushing what it portrays as a new compromise proposal in nuclear talks, but Western negotiators say it offers no viable concessions, underscoring how far apart the two sides are as they enter crunch time before a November 24 deadline.

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India to pay Iran $500m next week as second part of oil deal

Indian refiners will pay $500 million to Iran next week, the second installment in an interim deal that allows Tehran to recover part of overseas frozen oil revenues that are payments for oil it has sold, two industry sources said.

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Gulf Air relaunches service to Iran city

Gulf Air, the national carrier of Bahrain, yesterday (October 18) announced the relaunch of flights to Shiraz, the capital of Fars Province in Iran. The airline's 40th destination will be served with three weekly flights, star

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EU tour operator starts luxury train service to Tehran

 A luxury train connecting the capitals of Hungary and Iran left Budapest for the first time on Wednesday, with 70 passengers set to cross the Balkans, the Bosphorus and Kurdistan on the way to Persia aboard a set of deluxe railcars.

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Tehran train trip newest luxury pursuit

 A luxury train connecting the capitals of Hungary and Iran left Budapest for the first time on Wednesday, with 70 passengers set to cross the Balkans, the Bosphorus and Kurdistan on the way to Persia aboard a set of deluxe railcars.

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