Iran News

TEHRAN (FNA) It appears to be business as usual for a raft of energy companies defying US sanctions against Iran. In particular, companies in Europe, Iran’s main trading partner, are leading the way, with deals on the table involving national giants Total, Eni, and others.

TEHRAN (FNA) Oil Minister Gholam Hossein Nozari here Tuesday said all new memoranda and contracts on gas export Iran had signed would take effect as of 2011.

TEHRAN (FNA) India’s Oil and Natural Gas Corp. (ONGC) and the Hinduja Group will meet again with Iranian firms on developing oil field and a gas field in Iran and downstream projects in India a Hinduja Group official said.

TEHRAN (FNA) The National Iranian Tanker Company (NITC) Managing Director Mohammad Suri said the value of products the four gas reserves of South Pars, North Pars, Golashan, and Ferdows produced a year would amount to 101 billion dollars.

TEHRAN (FNA) Hezbollah’s leader said Tuesday that any US attack on Iran would be “the biggest folly” in American history.

TEHRAN (FNA) Head of Foreign Policy Committee of Italian Parliament, Umberto Ranieri, said here on Monday that Iran acts as a bridge between West and East and it plays an influential role in the Middle East security.

TEHRAN (FNA) Since Iran has been cooperating with the International Atomic Energy Agency in a transparent manner, the UN Security Council should be brave enough to return Iran’s nuclear dossier to the International Atomic Energy Agency, Iranian foreign minister here on Tuesday.

TEHRAN (FNA) Iran LNG Co. Managing Director Ali Kheir-Andish said the last part of Iran LNG contract would be finalized and signed on Feb. 28.

TEHRAN (FNA) The economic impact of US sanctions against Iran over its nuclear program is unclear and Iran has signed about $20 billion in energy contracts with foreign firms since 2003, said a US audit report.

TEHRAN (FNA) Iranian Parliament Speaker Gholam Ali Haddad Adel said US President George Bush would fail in attaining the goal of his visit to the Mideast region as Washington’s plot for portraying a frightening picture of Iran is destined to failure.