TEHRAN (FNA)- Rising OPEC output has cut the group’s spare capacity and left the oil market vulnerable to any surprise supply disruptions, Iran’s OPEC governor said on Sunday.
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Pakistan to Import 1000MW Electricity from Iran
TEHRAN (FNA)- Pakistan signed an agreement with Iran to import 1,000 megawatts of electricity to overcome the power shortage in the country and Iran would finance the project’s completion, a senior official in Pakistan’s Water and Power Ministry said on Sunday.
Read More »OPEC Chief Calls on Members to Stick to Output Quotas
TEHRAN (FNA)- OPEC members should keep oil output within the group’s agreed targets, OPEC’s President Chakib Khelil said in remarks published on Monday.
Read More »Abkhazia declares ‘state of war’
The separatist region of Abkhazia has declared a 10-day ‘state of war’ in its territories close to the de facto borders with Georgia.
Read More »US incited Georgia offensive in S. Ossetia’
The White House has orchestrated the current conflict between Russia and Georgia in South Ossetia, a high-ranking Russian official says.
Read More »Syria: One IAEA inspection enough
Syria has rejected the IAEA’s request for a second inspection of its alleged nuclear site, bombed by Israel last September.
Read More »Iran mulling currency system change
Central Bank of Iran says rising inflation in recent years has intensified the need for a change in the nation’s currency system.
Read More »Iran to reveal details of new weapons
 Iran’s Defense Ministry has announced plans to make public details of the latest developments in the country’s weapons arsenal.
Read More »Copies of independent Egyptian newspaper seized
CAIRO (Reuters) – The Sunday edition of the independent Egyptian newspaper al-Dustour, which contained a story about the murder of a Lebanese singer in Dubai, disappeared from the market on Saturday, officials said.
Read More »Russia takes S.Ossetian capital, Georgia pulls back
TSKHINVALI, Georgia (Reuters) – Russian troops and tanks took the capital of the separatist Georgian region of South Ossetia on Sunday after a bloody three-day battle as Georgian forces retreated and offered a ceasefire.
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