Iran | Egypt Oil & Gas - Part 95
Iran Scales Back Development Fund
“The share of National Development Fund of Iran (NDFI) from oil [revenues] has been reduced to 20%,” Mohammad Mehdi Mofateh, spokesman for the parliament (Majlis) Ad Hoc Budget Review Committee, said on Tuesday.
Iran MPs Want to Raise Gasoline Rate
Iran’s Parliament has approved a proposal to increase the rate of gasoline in the budget bill for the next calendar year of 1394 (to begin 21 March 2015).
Eased Iran Sanctions Raise China Demand
These were up early 30% last year and their highest average since 2011
OPEC Decision Wrong: Iran, Venezuela and Oman Now Say
Oman, the biggest Middle Eastern oil producer that’s not a member of OPEC, joined Venezuela and Iran in questioning the group’s decision to keep its output target unchanged even with crude prices falling.
Expanding Iran-Iraq Trade to Include Gas
The bilateral trade value of Iran and Iraq has reached $12 billion
Iran Oil Price for Budget Reduced to $40
The Iran government is revising its draft budget to assume a base oil price of $40
Iran and China Sign Agreement for Refinery
Deputy Head of National Iranian Oil Refining and Distribution Company (NIORDC) Shahrokh Khosravani announced signing of an agreement between Iran and China in order to finance one of the largest refinery projects in ...
Iran and Venezuela Join Forces to Stabilize Falling Oil Prices
Iran and Venezuela vowed Saturday to work together to stabilize falling global oil prices as Iran’s supreme leader accused “enemies” of using crude prices as a political weapon.
