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Russia reduces gas flows to Europe via Ukraine

MOSCOW/KIEV (Reuters) – Russia reduced gas flows to Europe via Ukraine on Monday, a measure it said was to stop its neighbor siphoning off fuel but which Kiev said could jeopardize supplies to European countries including Germany. Countries in southern and eastern Europe reported new falls in gas supplies from …

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Iraq earns $60 billion from 2008 crude exports

LONDON (Reuters) – Iraq earned about $60 billion from average crude oil sales of 1.85 million barrels per day (bpd) in 2008, a top Iraqi oil official said on Monday. Shipments rose by about 200,000 bpd on the previous year and revenues were up about $20 billion, according to data …

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Larijani: Gaza to Be Israeli Graveyard

TEHRAN (FNA)- Gaza will become Israel’s graveyard, Iranian Parliament Speaker Ali Larijani said after the Zionist regime launched a ground offensive deep into the coastal Palestinian territory following eight days of deadly air and sea bombardments. “The Zionists faced the powerful resistance of the zealous Palestinians … the Zionists should …

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Iran, Pakistan Agree on New Terms in Gas Deal

TEHRAN (FNA)- Tehran and Islamabad have agreed on a revised price formula and a new price review mechanism for Iranian gas that will be piped to Pakistan, a senior Iranian official said. The new formula and review mechanism update terms reached in 2006 during the long-running negotiations on the project …

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