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EU in Dire Need of Iran’s Gas

TEHRAN (Fars News Agency)- A senior Iranian oil ministry official said here Monday that Europe has no way out but to satisfy its energy needs by transferring Iran’s gas via Turkey’s Nabucco pipeline.

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Iran, IAEA Resume Talks

TEHRAN (Fars News Agency)- Iran and a team from the UN nuclear watchdog started a fresh round of talks on Monday in Tehran to remove remaining ambiguities about Tehran’s nuclear programs.

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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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