TEHRAN, Oct. 23 (UPI) -- Iranian President Mahmoud Ahmadinejad ran his 2005 campaign on the economic promise of oil revenues, but his appeal is in decline along with world prices.
MANAMA, Bahrain, Oct. 16 (UPI) -- Iran and Bahrain signed a memorandum of understanding for trade in natural gas and for the construction of a pipeline between the two countries.
WASHINGTON, Oct. 16 (UPI) -- One of the most pertinent aspects of the August military confrontation between Georgia and Russia was to highlight the vulnerability of Western energy exports transiting the Caucasian nation. Since the 1991 collapse of the Soviet Union, it has been a key tenet of Washington’s policy, in attempting to secure a foothold in the burgeoning development of Caspian hydrocarbon resources, that “happiness is multiple pipelines," with the proviso that they bypass both Russia and charter “axis of evil” member Iran. While the U.S. administration becomes increasingly concerned with what it regards as the rising Russian threat, Iran has been moving quietly to position itself as an alternative energy export corridor, and is receiving an increasingly sympathetic hearing from its Caspian neighbors.
TEHRAN, Oct. 13 (UPI) -- Iran said Monday it would call for a cut in oil production at the November meeting in Vienna for the Organization of Petroleum Exporting Countries.
TEHRAN, Oct. 6 (UPI) -- Iranian energy officials said the international oil market is oversupplied and pointed to the excess as the reason behind declining oil prices.
TEHRAN, Oct. 2 (UPI) -- Iran is looking to bolster ties with regional energy-producing nations while seeking a $7 billion supplemental to cover gas imports, officials said.
TEHRAN, Oct. 1 (UPI) -- Iran's oil minister said Wednesday the country had invested billions in oil fields in the west of the country and planned to launch an oil stock market soon.