Iran Needs New Financing Methods

TEHRAN, May 09 (Shana) -- A deputy head of National Iranian Oil Company has said that Iran needs to diversify its methods of project financing.

Siemens to Resume Transformer Supply to Iran

TEHRAN, May 09 (Shana) -- Germany’s Siemens plans to resume providing power transformers to Iran, the commercial director of its licensed production company says, attributing the development to Iran’s nuclear deal with six world powers.

IOTC Plans to Export West Karoun Oil

TEHRAN, May 08 (Shana) -- Iran Oil Terminals Company (IOTC) is preparing infrastructure to export oil produced from fields in the West Karoun area in western Iran, the IOTC chief said.

Iran Eyes Big Gas Projects

TEHRAN, May 08 (Shana) -- The head of Iran Gas Engineering and Development Company has said that plans were under way for major gas projects in the country.

Iran Prepares Gas Lawsuit against Turkmenistan

TEHRAN, May 09 (Shana) -- Iran has drawn up a lawsuit to file with the International Court of Arbitration against Turkmenistan for its last winter’s stoppage of gas supply to Iran, a deputy minister of petroleum said.