Recent Posts

Russia reduces gas flows to Europe via Ukraine

MOSCOW/KIEV (Reuters) – Russia reduced gas flows to Europe via Ukraine on Monday, a measure it said was to stop its neighbor siphoning off fuel but which Kiev said could jeopardize supplies to European countries including Germany. Countries in southern and eastern Europe reported new falls in gas supplies from …

Read More »

Iraq earns $60 billion from 2008 crude exports

LONDON (Reuters) – Iraq earned about $60 billion from average crude oil sales of 1.85 million barrels per day (bpd) in 2008, a top Iraqi oil official said on Monday. Shipments rose by about 200,000 bpd on the previous year and revenues were up about $20 billion, according to data …

Read More »

Larijani: Gaza to Be Israeli Graveyard

TEHRAN (FNA)- Gaza will become Israel’s graveyard, Iranian Parliament Speaker Ali Larijani said after the Zionist regime launched a ground offensive deep into the coastal Palestinian territory following eight days of deadly air and sea bombardments. “The Zionists faced the powerful resistance of the zealous Palestinians … the Zionists should …

Read More »

Isfahan Steel Calls for Increasing Tariffs in Steel Import

TEHRAN (FNA)- Managing Director of Isfahan Steel Mill Bahram Sobhani called for increasing steel import tariffs in light of reduced demand and falling prices in world markets. Sobhani said that steel import tariffs should be raised by 30% in order to support domestic producers, adding that increased tariffs will not …

Read More »