Iran News

TEHRAN (FNA)- Iran voiced strong opposition against plans to lay pipelines on the seabed of the Caspian Sea, warning that the move would cause irreparable environmental pollution in the world’s biggest lake.

TEHRAN (FNA)- Nigeria is keeping its options open on output quotas when the Organization of Petroleum Exporting Countries (OPEC) meets next week in the wake of falling oil prices, the country’s oil minister said on Thursday.

TEHRAN (FNA)- Azerbaijan’s President Ilham Aliyev received a visiting Iranian delegation led by the Deputy Foreign Minister Mehdi Safari on Thursday.

TEHRAN (FNA)- Turkmenistan seeks a price for the gas to be sold to India via TAPI pipeline three times higher than Iran’s price of gas via the Iran-Pakistani, India (IPI) pipeline.

TEHRAN (FNA)- Oil prices fell below $105 Friday on concerns over slowing energy demand and a strong US currency, while the market awaited next week’s OPEC meeting on crude output levels, traders said.

TEHRAN (FNA)- Iran’s Defense Ministry is suing a Baltimore warehousing company in federal court, claiming a floor collapse three years ago damaged $50 million worth of military equipment that has been held in limbo by the US government since the late 1970s.

TEHRAN (FNA)- Iran is seeking to use gas processing facilities in Oman to export its vast gas reserves.

TEHRAN (FNA)- Foreign investment in Iran’s industries and mining sector has increased 900% from 2005 to 2007, a ministry official said.

TEHRAN (FNA)- The Philippines is raising its level of diplomatic ties with the oil-rich Islamic Republic, as the Department of Foreign Affairs seeks to finalize various agreements on terrorism, transnational crimes, as well as the extradition of criminals and the transfer of sentenced persons.

TEHRAN (FNA)- The Central Bank of Iran plans to lop four zeros off the country’s national currency and rename it to toman, a CBI official said.