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Iran Hopes to See OPEC Basket back at $60

TEHRAN (Fars News Agency)- Iranian Oil Minister Kazem Vaziri Hamaneh said here on Saturday that he hoped the OPEC basket oil price would hit $60 a barrel or more in the next few days.

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Iran’s Former President Khatami to Visit Britain

TEHRAN (Fars News Agency)- Iran’s reformist former president Mohammad Khatami is to visit Britain for the first time to open an Iranian studies university department and receive an honorary PhD, his office said.

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Iran to Negotiate with 3 US Companies

TEHRAN (Fars News Agency)- An informed source said that in case sanctions are called off, Tehran will start negotiations with three airplane engine and spare parts manufacturing companies of the United States in the near future.

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Nuclear Issue United States’ Excuse for Pressuring Iran

TEHRAN (Fars News Agency)- Iranian Parliament Speaker Gholam Ali Haddad Adel said if the West continues posing threats and sanctions against Tehran, that would mean that the nuclear issue is just an excuse for the US and some other powers to exert pressure on Iran.

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Iran Cuts Oil Rights to 10%

TEHRAN (Fars News Agency)- The Japanese government acknowledged Friday that Inpex Corp. has agreed to reduce its interests in the development of Iran’s Azadegan oil field to 10 percent from the current 75 percent after days of talks over the stalled $2 billion deal.

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FM Meets Angolan Ambassador

TEHRAN (Fars News Agency)- Angola’s accredited ambassador to Tehran Pedro Hendrik Vall Neto met with Iranian Foreign Minister Manouchehr Mottaki here on Saturday and submitted his credentials to him.

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