Sunday 1 May 2016
 
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Iran

Moderates make gains in Iran run-off election

Moderate candidates allied to President Hassan Rouhani came out strongest in a second round of parliamentary elections in Iran, unofficial results showed on Saturday, but they appeared unlikely to win an overall majority. The resu

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Opec oil output near record high in April

Opec's oil output rose in April to close to the highest level in recent history, a Reuters survey found on Friday, as production increases led by Iran and Iraq more than offset a strike in Kuwait and other outages. Top exporte

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Iran eyes March launch for major refinery

National Iranian Oil Refinery and Distribution Company (NIORDC) is planning to launch a major refinery project by March, 2017, a report said. The first phase of the Persian Gulf Start Refinery, a gas condensate refinery, will go o

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Austrian companies plan joint ventures with Iran

The Austrian government plans to set up joint ventures with Iran in the industrial and mineral sectors, a senior Austrian official said in a report. Economy minister of the Austrian Federal Government Petra Bohuslav made the remar

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Iran rail projects to get $500m Azeri funding

Azerbaijan has agreed to open a $500 million credit line to finance the Rasht-Astara railway project in Iran, said a report. The Rasht-Astara railway is a section of the Qazvin-Rasht-Astara railway, which is currently under constr

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Dana Gas says no deal with Iran on gas imports

The United Arab Emirates' Dana Gas has not been able to reach an acceptable deal with Iran on natural gas imports into the UAE, and an arbitration process will continue, chief executive Patrick Allman-Ward said on Tuesday. How

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Iran eyes $200bn investment in oil sector

Iran plans to invest $200 billion in the oil sector aiming to develop the industry using new technologies, said a senior government official. The government has been seeking progress in industrial sectors such as steel as well as

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Hyundai Engineering to set up power plant in Iran

South Korea's Hyundai Engineering Company (HEC) will sign a contract to establish a 500-megawatt (MW) power plant in Iran, said a report. A panel of executives and experts from Hyundai's energy sector are in Iran on the th

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Hyundai Engineering to set up power plant in Iran

South Korea's Hyundai Engineering Company (HEC) will sign a contract to establish a 500-megawatt (MW) power plant in Iran, said a report. A panel of executives and experts from Hyundai's energy sector are in Iran on the th

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Hyundai Engineering to set up power plant in Iran

South Korea's Hyundai Engineering Company (HEC) will sign a contract to establish a 500-megawatt (MW) power plant in Iran, said a report. A panel of executives and experts from Hyundai's energy sector are in Iran on the th

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