Iran

Iran Signs $2bln Oil Deal with China

TEHRAN (Fars News Agency)- Iran signed a $2bn oil contract with Sinopec of China Sunday, sending a signal to western companies that they might miss out on potentially lucrative contracts with one of the world’s biggest energy exporters if they continued to heed US-inspired sanctions against Tehran.

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Oil Trades Lower in Year-End Cooling off

TEHRAN (Fars News Agency)- World oil traded lower in Asia on Monday as the market entered a traditional year-end cooling off period and concerns persisted over slower US economic growth, dealers said.

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Total Ready to Invest $12bln in Iran’s LNG Project

TEHRAN (Fars News Agency)- Iranian Oil Minister Gholam Hossein Nozari said that the French oil company, Total, has voiced preparedness to make a 12-bln-dollar investment in Iran’s Liquefied Natural Gas (LNG) project.

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IAEA Team Arrives in Iran

TEHRAN (Fars News Agency)- A delegation from the International Atomic Energy Agency arrived here in Tehran on Sunday to continue talks with Iran to resolve the issues remaining between the two sides, Iran’s envoy to the IAEA said.

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