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South Pars Phase 12 to Earn Iran $6b Annually

TEHRAN (Fars News Agency)- Phase 12 of South Pars (SP) gas field would earn Iran six billion dollars, 5.3 percent of gross national product (GNP), per year if the lowest prices were considered, said Petropars Company managing director here on Thursday.

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Iran, Russia Double Trade Volumes

TEHRAN (Fars News Agency)- The volume of Iran-Russia trade and business transactions was equal to $2.294 billion in the first nine months of 2007, which is double the value of the same period in 2006

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China Sinopec Nearly Triples Iran Crude for 2008

TEHRAN (Fars News Agency)- China’s Sinopec Corp has agreed to buy from National Iranian Oil Company about 160,000 barrels per day of crude under a one-year pact for 2008, nearly tripling the current level, a trading source said on Thursday.

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