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                    Selected News:   

Giving in to Oil Price Slump against Iranian Dignity


TEHRAN Jan 28(Shana)--Iran’s first vice-president has said the country will never give in to the aftermaths of the oil price fall because it is against the Iranian "spirit and dignity".

If the fall in the prices is aimed at forcing Iran to surrender, we will never give in because it is against our spirit and dignity," said Eshaq Jahanigiri on Tuesday in an administrative council meeting in the southern province of Hormouzgan.

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Petroleum Ministry Follows Priorities  


TEHRAN Jan 28(Shana)--A member of Energy Commission of the Parliament has said that Petroleum Ministry’s programs for development of shared oil and gas fields have advanced based on preset priorities

Seyyed Saeed Haidari Tayyeb told Shana that Petroleum Ministry has prioritized development of shared oil and gas fields specially South Pars gas field over the past two years.

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Iranian Banks to Fund Petchem Plant


TEHRAN Jan 28(Shana)--A consortium of three state-run and private Iranian banks will fund $2bn development projects at Damavand Petrochemical Plant.

Mellat, Tejarat and Industry and Mine banks have formed a consortium to financially support petrochemical projects at the plant to boost the countrys industry and enhance its outcome.

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