Iran News

Iran, Venezuela Form Oil Venture to Rival Shell, Eni

Iran and Venezuela, the producers of about 9 percent of the world’s oil, will form a $1 billion global venture for projects in countries where companies such as Royal Dutch Shell Plc or Eni SpA are facing tougher business conditions.

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Bandits Change Place of Japanese Hostage

A senior Iranian law enforcement official said that the Japanese student abducted in Iran’s Kerman province several days ago has been taken to the border province of Sistan and Balouchestan.

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