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Cooperation with Iran important to Armenia
Armenian President Serzh Sargsyan met with Iran's Minister of Energy Majid Namjoo. President Sargsyan noted that Armenia attaches great importance to cooperation with friendly Iran.
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India insists will not reduce oil import from Iran
Krishna also said India feels no obligation to observe United States’ unilateral sanctions on Iran, insisting that India will not cut its “legitimate” trade with Tehran.
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China, Russia to Broaden Energy Cooperation
China and Russia agreed on Friday to strengthen energy cooperation, a decision preceding a visit of President Vladimir Putin aiming at strengthening bilateral relations.
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Georgian president discusses cooperation with German minister
Georgian President Mikheil Saakashvili has met with German Federal Minister for Economic Cooperation and Development Dirk Niebel.
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Why BP Will Stay In Russia
After considerable speculation as to who was divorcing who in the on-going TNK-BP saga, BP appears first to be stilted. The British oil major has received ‘unsolicited indications’ for its 50% holding in TNK-BP. The Anglo-Russian entity was valued at $60bn last year, with formative price tags predictably coming in at $30bn to ease BP’s divorce from its acrimonious AAR wife.
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Amid Western pressure, India, Iran seek closer economic ties
Amid mounting Western pressure, India Thursday underlined that unilateral sanctions should not impact upon its "legitimate trade interests" with Iran as Tehran urged New Delhi to hike its crude-oil purchases.
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Sanctions will not impact trade with Iran, says India
Describing Iran as a key trading partner for energy, India Thursday made it clear that unilateral sanction by the US and European Union will not be allowed to impact trade between the two countries.
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Azerbaijan plans to process Russian and Kazakh oil
Azerbaijan selects sources of oil to process in oil-gas and oil-chemistry processing complex. Production capacity of the plant will be 10 mln tons.
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