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                    Selected News:   

Petroleum Ministry Predicts no Future Oil Prices


TEHRAN Jan 24(Shana)--Irans Petroleum Ministry has issued a statement saying that the ministry has no predictions about the future of oil prices.

The statement denied certain media outlets quoting Petroleum Minister Bijan Namdar Zangeneh as predicting that the prices will slide to below 25 dollars per barrel.

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"Oil Price Slump Was a Shock", Nobakht  


TEHRAN Jan 24(Shana)--Head of Management and Planning Organization (MPO) Mohammad Bagher Nobakht has said that lower oil prices will not harm Irans economy in case of having a resistant economy.

Addressing the Conference of National Productivity on Saturday, Nobakht said Resistive Economy is kind of economy that external factors cannot shake it and is safe against the instabilities stemming from out of the country.

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Kish Field Delivering Gas Next Winter


TEHRAN Jan 24(Shana)--Managing director of Petroleum Engineering and Development Company (PEDEC) Abdolreza Haji Hosainnejad said development of Kish gas field is expected to reach a point where its gas could be injected into the national gas trunkline next winter.

Speaking to Shana, Hosainnejad said the gas field is expected to produce one billion cubic feet of gas and 11.300 barrels of gas condensate per day in the first phase.

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