Iran, S. Arabia See Oil Market Balanced

Submitted by FNA on

TEHRAN (FNA)- Global oil market supply and demand is balanced, OPEC rivals Iran and Saudi Arabia said at the weekend after oil prices slumped on Friday on renewed global economic worries.

Iran Allocates $10bln to Oil Projects

Submitted by FNA on

TEHRAN (FNA)- More than $10 billion in funds from domestic sources were allocated to the National Iranian Oil Company (NIOC) projects in the first half of the current Iranian year (started March 21

Iran Urges Closer Cooperation between ECO, Mercosur

Submitted by FNA on

TEHRAN (FNA)- A senior Iranian Foreign Ministry official called for stronger ties between the Economic Cooperation Organization (ECO) and the Southern Common Market (Mercosur), saying that such int

X