Worried about Price of Gas? End U.S. Wars
Despite all the recent talk of soaring prices at the pump, political and economic pundits rarely mention the impact of war and political instability in the Middle East on the skyrocketing price of oil. There is strong evidence, however, that the heightened price of energy is a direct consequence of the destabilizing wars and geopolitical insecurity in the region. -Ismael Hossein-zadeh - 5/14/08
Oil hits new high on Iran fears
Oil prices have hit a record just shy of $127 a barrel after Iran said it was studying a plan to cut crude output. -BBC - 5/14/08
Iran Oil Minister denies crude output cut
Iran's Oil Minister Gholam-Hossein Nozari denied on Tuesday reports about Iran's decision to reduce its crude oil output. Nozari said that Iran's current crude output stands on 4.170 million bpd. - 5/13/08
Repsol, Shell renegotiating Iran gas deal: source
Spain's biggest oil group, Repsol, and British-Dutch peer Royal Dutch Shell are renegotiating their participation in a multi-billion dollar natural gas project in Iran, a Repsol source has said. -AFP - 5/13/08
Iran looks to tap key oil field with homegrown crews
At this huge oil field in southwest Iran, one building stands out among the pumps and maze of pipelines: On its roof in giant letters, big enough for satellites or pilots to see, are the words: "We can do it." -AP - 5/11/08
Iran's petrochemical exports to China to rise to $1B
Managing Director of National Petrochemical Company Mohammad-Hadi Rahbari said on Saturday that Iran's petrochemical exports to China is expected to reach dlrs one billion during the current year. -IRNA - 5/10/08
Shell pulls out of Iran gas deal
Oil major Royal Dutch Shell (RDSa.L) has pulled out of a planned gas project in Iran, after coming under pressure not to participate from U.S. lawmakers who were concerned about Iran's nuclear programme. -Reuters - 5/10/08
Iran supply problems add to fears of oil hitting $200 a barrel
The Iranian petroleum industry needs foreign investment and, despite the country’s vast oil and gas reserves, is struggling to maintain production levels, according to industry experts. -TIMES ONLINE - 5/7/08
Oil Prices Top $120 A Barrel For First Time
The price of oil rose above $120 a barrel for the first time Monday. -Raw Story - 5/6/08
Indian FM: Nothing can prevent implementation of Peace pipeline
Indian Foreign Minister Pranab Mukherjee said on Monday that nothing can prevent implementation of Peace pipeline. - 5/5/08
US fearful of Iran-Europe gas deals
The US and its allies fear that a recent gas deal between Iran and Switzerland may encourage other gas deals between Tehran and Europe. -Press TV - 5/3/08
Shell, Repsol wary of Iran deal: Report
Two oil majors are reportedly negotiating with Iran to pull out of a $10 billion project on the development of South Pars gas field. -Press TV - 5/3/08
Oil Ministers of India, Pak, Iran to hold talks on pipeline soon
The oil Ministers of India, Pakistan and Iran will soon hold talks to sort out "safety and security issues" pertaining to the $ 7.4 billion Iran-Pakistan-India (IPI) gas pipeline that would pass through Pakistan. -IRNA - 5/2/08
Iran Presses Ahead With Proposed Natural Gas Cartel
Iran has presented representatives of natural gas-exporting countries with proposals aimed at turning an existing informal forum into an OPEC-like structure. It dismissed U.S. objections to the plan as politically motivated. -CNSNews - 5/2/08
Iran Conducts All Crude Trade in Euro, Yen
Iran, the world's fourth-largest oil producer, is conducting all its crude trading in euro and yen, instead of the US dollar, an Iranian official said in Tehran on Wednesday. -FNA - 5/1/08
The Caspian energy hotspot
The culminations regarding Caspian, are witnessing a gradual convergence between Iran and Russia in order to agree on a modus vivendi in the planned energy projects. In sort, reliable information relay that both countries will exercise pressure to Azerbaijan in order not to proceed in any pipeline agreements in the future, and in parallel divide their energy ambitions. -International Analyst Network - 4/30/08
Energy: Turkmen, Iranian Presidents Moving Ahead With Rival Pipelines
Pipeline politics took center stage as Turkmen President Gurbanguly Berdymukhammedov and Iranian President Mahmud Ahmadinejad went on the road to promote competing pipelines to export their natural gas. -RFE - 4/28/08
Ahmadinejad says Iran to welcome Chinese participation in gas pipeline
"The IPI gas pipeline agreement will soon be finalized and my government will also welcome the inclusion of China in the project," the Iranian president said during meeting with Prime Minister Yousaf Raza Gilani. -IRNA - 4/28/08
Iran gas pipeline deal to be clinched soon: India
Indicating that the $ 7.4 billion Iran- Pakistan-India (IPI) pipeline deal would be "clinched soon" Petroleum and Natural Gas Minister Murli Deora said on Sunday that he would apprise Prime Minister Manmohan Singh of the 'bilateral talks' with Pakistan during the coming week. - 4/28/08
Iran says "yes" to India's ONGC: reports
Indian sources say Iran has accepted India's Oil and Natural Gas Corporation (ONGC) to take stakes in Azadegan and South Pars projects. -ISNA - 4/28/08
Oil price rise due to high liquidity in West: NIOC official
The National Iranian Oil Company's deputy director for international affairs said here on Saturday that the huge liquidity in industrialized Western countries is the main reason for the unprecedented rise in the price of oil in international markets and predicted that the trend would continue. -MNA - 4/27/08
Austrian company to take part in Iran's LNG project
Iranian Natural Gas Liquefaction Company managing director said here on Friday that an Austrian company will take part in Iran's LNG project. - 4/26/08
Iran resumes Turkmenistan gas import
Iran has acceded to Turkmenistan's stipulation for a rise in the gas price to renew gas import to Iran, the managing director of National Iranian Gas Company (NIGC) stated Friday. -MNA - 4/26/08
GESF members gear up for formation of gas OPEC
Setting up a gas OPEC cartel will boost relations of the gas exporting countries, Deputy Iranian Oil Minister for OPEC and International Energy Affairs Javad Yarjani stated Wednesday. -MNA - 4/24/08
Iran, Russia's Gazprom sign oil and gas memorandum
The Iranian government and Russian energy giant Gazprom have reached an agreement on oil and gas cooperation, the national Iranian oil company (NIOC) said on Wednesday. - 4/24/08
Tehran to host 8th Intl. Petrochemical Conference
The 8th International Petrochemical Conference is to be held on May 17-18, 2008 in Tehran. Ranking officials and experts of domestic and international petrochemical industries have been invited to attend the conference. -MNA - 4/24/08
Iran denounces sanctions on oil producing states
Iran's Oil Minister Gholam-Hossein Nozari said here on Tuesday evening that war and sanctions imposed on several major oil producing countries in the past three decades have been among main elements damaging the global energy supply capacity. -IRNA - 4/23/08
Total to enter LNG deal with Iran
French Total company will go along with Iran in its LNG project in defiance of sanctions or tough actions. -IRNA - 4/23/08
Turkmenistan to resume Iran gas supply
Turkmen foreign minister in his meeting with Iran's ambassador to Ashgabat has said his country is ready to resume gas exports to Iran. -Press TV - 4/23/08
Oil Prices Reach a Record High of $117
Government energy ministers from oil-rich nations and international oil company executives are attending a three-day International Energy Forum in Rome. Sabina Castelfranco reports from Rome the meeting, which ends Tuesday, is being held as crude oil prices reached a record high. - 4/22/08
Iran's President to Visit India to Discuss Energy Issues
Iranian President Mahmoud Ahmadinejad is expected to make a brief visit to India before the end of the month. It will be the first trip to the South Asian nation by an Iranian head of state in five years. Discussions are expected to include a proposed Iran-Pakistan-India gas pipeline. -VOA - 4/22/08
Energy Analyst Sees Russia as Key Oil Supplier to Europe
Vladimir Socor, an energy analyst based in Germany, told Washington audience Monday planned new pipelines will consolidate Russia's position as a leading supplier of oil and gas to Western Europe. VOA's Barry Wood has more. - 4/22/08
Iran-Oman gas investment can rise to dlrs 12bn
First Vice President Parviz Davoudi said in Tehran Monday that Iran and Oman can raise investment in Kish gas field to dlrs 12 billion. He made the remark in a meeting with Deputy Prime Minister for Council of Ministers of the Sultanate of Oman Fahad bin Mahmood Al-Said after signing a memorandum of understanding in the field of gas cooperation between Iran and Oman. -IRNA - 4/21/08
US sanctions not harming Iran's oil
Iran says its oil sector remains unharmed by US sanctions. Iran's Deputy Oil Minister says Iran has weathered US sanctions for decades and the country's oil sector remains unharmed by these sanctions. -Press TV - 4/21/08
Iran to start gas export to Switzerland in 2009
The national gas exports company managing director said Iran will begin the first gas delivery to Switzerland in 2009. According to the deal signed by Tehran and Bern, Iran is supposed to export gas to the state for 25 years, Nasrollah Seifi said. -ISNA - 4/20/08
Oil still has not reached its true value: Iranian President
Iranian President Mahmud Ahmadinejad said that oil is priced too low at 115 dollars a barrel, adding that the commodity "should find its real value". -MNA - 4/20/08
Iran's Ahmadinejad says oil at US$115 a barrel is too low, calls for higher prices
Iran's hard-line President Mahmoud Ahmadinejad was quoted Saturday as saying crude oil prices at US$115 a barrel are too low, and that oil must "discover its real value." -AP - 4/19/08
Oil Prices Hit Record High Above $114 as Dollar Sinks
The price of oil rose to a record high above $114 dollars a barrel Wednesday as the sinking dollar made crude more attractive to investors. -VOA - 4/17/08
International Oil, Gas and Petrochemical Exhibit opens in Tehran
The 13th International Oil, Gas and Petrochemical Exhibition opened in Tehran on Wednesday. Representatives and companies from 30 world countries including, Belgium, China, France, Germany, Austria, Italy, Russia, Romania, South Korea, Spain, the UAE, Poland, Holland, Qatar, Switzerland, Turkey, Bahrain, Britain, Japan, Belarus, Finland, Ukraine, India, Sweden, Norway, Denmark, Greece, Canada, Australia, and the US have attended the exhibition. - 4/16/08
Turkmenistan: Gas-Export Offer Seen As 'Breakthrough' By EU
The European Union says Turkmenistan has made its first-ever serious gas-export offer to Europe. -RFE - 4/16/08
Pakistani President Proposes Construction of Oil, Gas Pipeline to China
Speaking with students Monday at Beijing's Tsinghua University, Mr. Musharraf suggested that a multi-billion-dollar Iran-Pakistan-India pipeline that his country is pushing for could be expanded to include China. -VOA - 4/15/08
Iran warns Total, Shell over gas deal
"The deadline set for Shell and Total (to enter a contract on developing) phases 11 and 13 of South Pars (gas field) will not be extended; they are likely to be replaced by Asian corporations," said Ali Vakili, the managing director of Iran's Pars Oil and Gas Company. -Press TV - 4/14/08
Iran likely to participate in Azerbaijan gas project
Iran is likely to participate in Nabaco gas project in the Republic of Azerbaijan, the Azerbaijani newspaper Yeni Musavat reported on Monday quoting the new ambassador of the European Union to Baku. -IRNA - 4/14/08
Swiss president supports gas deal with Iran
The Swiss president has announced that he will support the gas deal between Iran and Switzerland ignoring the U.S. pressure to discourage his country from entering into the deal. -MNA - 4/14/08
Iran's oil expo warmly welcomed
Over 500 foreign firms from 30 countries around the world will participate in Iran's 13th International Oil, Gas and Petrochemicals Exhibition. -Press TV - 4/12/08
Iran oil output reaches record high
Iranian Oil Minister Gholam-Hossein Nozari says the country's crude oil production has reached a record level of 4.21 million barrels. -Press TV - 4/11/08
Iran installs 492 centrifuges in Natanz
The Islamic Republic reportedly installs three new 164-centrifuge cascades at its uranium enrichment complex in Natanz in central Iran. -Press TV - 4/11/08
Total says cannot lose Iran deals
Oil giant Total says the French company cannot afford to lose deals with Iran as it is one of the largest oil producers in the world. -Press TV - 4/11/08
Peace Pipeline talks to resume
The Iran-India gas pipeline, also known as the Peace Pipeline, is a proposed 2,775 kilometer pipeline to carry Iran's natural gas to Pakistan and India. -Press TV - 4/10/08
Iran starts installation of 6,000 new centrifuges: President
President Mahmoud Ahmadinejad announced that Iran started installation of some 6,000 new centrifuges on Tuesday. The president made the remarks after inspecting various sections of Natanz nuclear site in Isfahan province, central Iran. -IRNA - 4/8/08
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