Tuesday 28 April 2015
 
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Iran

Iran, world powers ‘closer than ever to nuke deal’

The US and five other major powers are closer than ever to a deal with Iran that would end a 12-year-old standoff over Tehran's nuclear program, though more tough negotiations lie ahead, US Secretary of State John Kerry said on Monday.

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Iran to start South Pars oil production in 2016

Iran plans to start to extract oil from the world's largest gas field next year as part of the Opec member's strategy to boost its crude oil production to at least 3 million barrels per day, official Iranian media reported.

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Gas leak at Iran refinery, 7 workers injured

A gas leak at the Arak oil refinery in central Iran injured seven workers on Sunday, four of them critically, the semi-official Fars news agency reported. The leak at the sour water processing unit was blamed on workers failing to

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Iran petchem firm plans $1bn development

Iran’s Persian Gulf Holding Company, a major petrochemical company in the region, plans to invest €1 billion ($1.08 billion) in development before 12 months, a senior official said. By 2018 the company will attain 100 p

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New Oman-Iran shipping route to be set up

The chambers of commerce of Iran and Oman along with an Iranian private sector shipping company have signed a deal to form a new shipping route next month between the Sultanate’s Sohar Port and Iran’s souther port of Shahid Rajae, ac

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Eyeing Arab ties, Israel to observe nuke pact meeting

Israel will take part as an observer in a major nuclear non-proliferation conference that opens at the United Nations on Monday, ending a 20-year absence in hope of fostering dialogue with Arab states, a senior Israeli official said.

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Poland's PKN delivers Iran's gas condensate for its refinery

Poland's largest oil refiner PKN Orlen has delivered a gas condensate cargo of Iranian origin for its Mazeikiai refinery in Lithuania, traders said.   It's not clear if PKN has violated international sanc

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India plans JV to produce urea in Iran

The Indian government plans to establish a urea plant in Iran for long-term imports of the fertiliser to India, a senior government official said. "In order to ensure long term availability of urea in the country, the governm

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Iran summons Saudi envoy over plane interception

Iran's foreign ministry summoned the Saudi charge d'affaires on Friday to protest Riyadh's interception of two Iranian planes carrying humanitarian aid to Yemen, the Students News Agency ISNA reported. ISNA said two Ir

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China's Iran oil imports up 15pc on year in March

China's crude imports from Iran rose 15 per cent in March from a year ago to a 10-month high, although still below the purchases expected from the Islamic republic's largest oil client.   China's impo

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