Iran News ...


Iran's crude price rises by almost USD4 on markets

Tehran, April 2, IRNA - Average price for each barrel of Iranian crude rose by about four dollars to 47.24 dollars on March 30, 2009, from 44.83 dollars in early March, according to the National Iranian Oil Company's International Affairs Department website.

The NIOC website reported that the price stood at 40.67 dollars in February 2009.

It added that meanwhile, each barrel of the US West Texas Intermediate crude fell by 3.97 dollars to 48.41 dollars at Monday's close.

Each barrel of North Sea Brent crude too fell by 3.99 dollars to 47.99 dollars on the London International Exchange on Monday.

Iran, Syria sign oil, gas cooperation deal

Damascus, April 3, IRNA - Iran and Syria on Thursday signed an oil and gas cooperation deal.

The agreement, endorsed by Iran's Oil Minister Gholam-Hossein Nozari and his Syrian counterpart Sufian Allaw, envisions cooperation in upstream industries, including oil and gas exploration, drilling and extraction as well as laying the `Persian Pipeline' for transfer of Iranian gas to Europe via Iraq, Syria, the Mediterranean, Greece, and Italy.

The two sides will also expedite establishment of an oil refinery in the Syrian Homs Province and also a pipeline project for transfer of Iranian gas to Syria via Turkey.

A joint statement issued by the two sides says they are prepared to hold a trilateral meeting with Iraq to examine the feasibility of a project for Iran's gas transfer to Europe and Iraq's gas exports to Syria through the pipeline.

... Payvand News - 04/03/09 ... --

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