1.
Teen solves centuries-old math problem
TEHRAN, Sept. 19 (UPI) -- Iranian President Mahmoud Ahmadinejad said a contract to sell Iranian gas to Crescent Petroleum Co. in the United Arab Emirates was unfair and corrupt.
Iranian officials Monday told Crescent they would look for rival markets if talks on a price mechanism for the sale failed.
Iran was expected to begin exporting around 600 million cubic feet of natural gas per day to the UAE starting in 2005, but state auditors said Iran could lose as much as $21 billion over the 25-year agreement if gas prices do not meet market conditions.
Crescent called the allegations of corruption "a misunderstanding," though other Iranian lawmakers had criticized the deal, the Iranian Press TV reported.
"It is clear that the contents of the contract do not serve Iran's national interests," said Iranian Interior Minister Ali Kordan.
The deal between Iran and Crescent was to transport 600 million cubic feet of natural gas per day from the Iranian offshore Salman field.
|
|
|
|
|
|
| Additional Energy Resources Stories | |
WASHINGTON, May 25 (UPI) --
A natural gas pipeline from Iran could be considered if Tehran meets the expectations of the international community, a U.S. official suggested.
|
MCLEAN, Va., May 25 (UPI) --
Linguistic, operational, translation and management services in support of the U.S. National Media Exploitation Center are to be provided by SAIC.
|
First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
|
The photos are familiar, but the captions are not, as economic tension skips across the continent of Europe.
|
| Stories | Photos | People | Comments |
View Caption
