Gasoline Near Top of Iran’s Imports List: 150 Percent Increase in Gasoline Imports – Regime Hoarding Gasoline, Reducing Consumption in Anticipation of US Sanctions
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Iranian developers defy huge odds to create acclaimed computer game
(Washington Post) | March 21, 2010 By Thomas Erdbrink Washington Post Foreign Service It might not seem that remarkable for a ragtag group of friends to come up with a computer game in a dusty back office. But the Iranian engineering students, programmers and fantasy animators who created “Garshasp, the Monster Slayer” have not only [...]
Iran bans concert tours
(News24.com) | February 20, 2010 Tehran – Iran has banned travel agencies from organising tours to countries where concerts are held during Shi’ite mourning holidays, newspapers quoted a tourism official as saying on Saturday. The move came after Iran’s tourism organisation banned package holidays to neighbouring Dubai where concerts by expat Iranian singers were to [...]
Iran unveils new locally made Peugeot car
(AFP hosted by Google) | February 20, 2010 TEHRAN — Iran’s state-owned car manufacturer Iran Khodro unveiled for the home market on Saturday the Peugeot 207i, a locally built version of the French automobile firm’s 207 model. The Peugeot 207i will hit the market at the beginning of the next Iranian year which starts on [...]
Why Iran’s Green Movement Objects To President’s Economic Style
(Radio Free Europe / Radio Liberty) | February 19, 2010 The chants of “death to the dictator” have been temporarily stilled since Iran’s Green Movement was muscled off the streets during the 31st anniversary celebrations of the Islamic Revolution on February 11. But political slogans and charges of stolen presidential elections are just part of [...]
Iran tops new terror finance blacklist
(Guardian UK) | February 19, 2010 Financial Action Taskforce says Middle Eastern state is major centre of money laundering and terrorist funding as it names and shames countries The international financial system must tackle “ongoing and substantial money laundering and terrorist financing” emanating from Iran, it has been claimed. The middle eastern state heads a [...]
Target Iran’s Censors
(New York Times) | February 18, 2010 By ROGER COHEN NEW YORK — Here’s what happens when a business linked to Iran’s Islamic Revolutionary Guards Corps (I.R.G.C.) is targeted with sanctions. A representative of the Revolutionary Guards finds a lawyer in Dubai and says: “Look, I’m on this stupid U.S. Treasury list. I’ll give you [...]
German insurers wind down Iran business
(Reuters) | February 18 Germany’s Munich Re and Allianz halted all remaining insurance business in Iran as their national representative body said it backed international moves toward tougher sanctions against Tehran. Against a backdrop of rising political tensions, the world’s biggest reinsurer, Munich Re (MUVGn.DE), said on Thursday it was stopping business with insurance firms [...]
Selected Headlines – January 22, 2010
Channel 4 News (UK), January 22 Neda’s death ‘ignited an awakening’ in Iran Neda Agha Soltan’s fiance, Caspian Makan: “The 23 January is Neda’s precious birthday. Neda will be 27 on that day. I felt that this should be marked in the world. “I’ve asked the people of Iran, wherever they may be, in whichever [...]
Mousavi: Country governed under Islam should not terrorize people
(Mousavi Statement on Facebook) Mir Hossein Mousavi: A country that is governed under the name of Islam should not continue its path by terrorizing people. Mir Hossein Mousavi in his second video-internet interview with Kaleme News Agency talked about the events that happened on November 4 as well as about the plans for eliminating subsidies [...]
US firms allowed to invest in Iran oil
There is no barrier for the presence of foreign companies in the Iranian oil industry, says the head of National Iranian Oil Company (NIOC).
“The Islamic Republic has always welcomed the investment by all foreign companies in Iranian oil, gas and petrochemical projects, including US firms,” Seyfollah Jashnsaaz said Tuesday.
He said there would be no legal obstacle if US firms want to negotiate over their investment in the Iranian oil industry, adding that their return would benefit all parties.
Iran oil reserves increase, officials say
TEHRAN, May 12 (UPI) — Iran’s proven oil reserves increased dramatically, bringing in foreign investments of roughly $10 billion in the past year, officials said.
Seifollah Jashnsaz, director of the National Iranian Oil Co., told the Mehr news agency in Iran that oil reserves now stand at more than 138 billion barrels and production has increased substantially.
Iran opens doors to foreign banks
For the first time since the 1979 Islamic Revolution, Iran is set to allow foreign banks to establish branches in the country and engage in normal banking operations.
Article 44 of the Iranian Constitution Law had heretofore placed banking activities exclusively in the hands of government. In tandem with the Law on Usury Free Banking Operations, these two measures effectively blocked foreign banking operations from conducting business in mainland Iran.
Iran discovers new oil field in PG
Iran has discovered a new offshore oil field in the Persian Gulf with reserves of 1 billion barrels of heavy crude, says a top oil official.
Iran: further OPEC output cut possible
TEHRAN (Reuters) – Iran’s OPEC governor said if oil demand continued to drop the group may decide to further cut its oil output, the Iranian newspaper Hamshahri on Monday quoted him as saying.
“If the demand continues to decrease until the next OPEC meeting, further output cut is possible,” Mohammad Ali Khatibi said. The Organization of the Petroleum Exporting Countries next meets on May 28.
Morocco to Maintain Iran Oil Imports Following Diplomatic Spat
April 10 (Bloomberg) — Morocco will continue to import oil from Iran, which supplied more than a fourth of its crude in 2008, even after cutting diplomatic ties with the Islamic republic, the head of the country’s sole oil refiner said.
“We haven’t received any government instructions to stop buying oil from Iran, and shipments are proceeding as usual,” Jamal Ba-Amer, chief executive officer of Societe Anonyme Marocaine de l’Industrie du Raffinage told reporters at the company’s headquarters in Mohammedia late yesterday.
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