Beijing hails latest Tehran-IAEA negotiations NDCO Purchasing 10 Drilling Rigs This Year 1.245 Million of Oil Equivalent Found Iran Sanctions Hit Dubai Economy Taiwan Triples Oil Purchase from Iran

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NDCO Purchasing 10 Drilling Rigs This Year Raising the number of onshore drilling rigs is high on the North Drilling Company's this year agenda. 1.245 Million of Oil Equivalent Found More than 1.245 million barrels of oil equivalent discovered during the last Iranian calendar year to March 2012. News Archive   Tehran, Baghdad in Talks over Gas Pipeline Deal Tehran and Baghdad started a new round of negotiations over an agreement on supplying Iran's natural gas to Iraq and then resupply it to Europe through Syrian soil. Iran Expanding Gas Pipeline Grid A 290 kilometers gas pipeline from Siri island to Assalouyeh will come online in early September to become the longest gas pipeline conveying sour gas in the Persian Gulf. NIGC Extends High Pressure Gas Network The total length of high pressure gas pipeline network reached 34 thousand kilometers of which about 14 thousand kilometers were laid in the last six years, an Iranian gas official said. News Archive   Iran's Petrochemical Company to Complete Privatization Process This Year An official at the National Petrochemical Company (NPC) said the privatization file in the petrochemical sector will be shelved forever this year after ceding Persian Gulf Holding shares to the private sector. Iran’s petrochemical output to increase by 8 million tons by 2013 Nine petrochemical projects will be implemented in the current Iranian calendar year (began on March 20), which will boost the country’s output by 8 million tons. 'Iran petrochem exports to Europe not in decline' Despite Western sanctions against Iran's oil and gas industries, the country's deputy oil minister says the export of Iranian petrochemical products to European countries is as usual. News Archive   Beijing hails latest Tehran-IAEA negotiations Chinese Foreign Ministry spokesperson hails the constructive outcomes of the recent talks between Iran and the UN nuclear agency, calling on the sides to work together to resolve outstanding issues Indian FM Calls Iran Key Supplier for India's Energy Needs Indian Foreign Minister SM Krishna shrugged off US demands for reducing oil imports from Iran, and said Iran cannot be ignored as it is "a key country" for India's energy needs. Iran to become Regional Power Hub Iranian Minister of Energy Majid Namjou said that Iran plans to become a center of power transfer in the region, and voiced Tehran's preparedness to supply electricity to Syria and Lebanon. News Archive   Iran Sanctions Hit Dubai Economy An Emirati official says sanctions slapped against Iran over its nuclear energy program have had adverse effects on Dubai's economy. Iran's Non-Oil Product Exports Surpass $45 Billion Iranian Deputy Minister of Industry, Mine and Trade Vajihollah Jafari says Iran's non-oil exports has exceeded $45 billion in the past Iranian year (ending March 19, 2012). Iran’s inflation rate rises to 21.8 percent The inflation rate in Iran for the 12-month period ended to April 19 hit 21.8 percent, up 0.3 percent compared to the same period ended to March 19, the Mehr News Agency quoted the Central Bank as reporting. News Archive

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