Iran poised to make billions off country’s vast mineral wealth

Iran is poised to become one of the richest countries in the world — and its potential for profit goes far beyond oil. After years of economic sanctions and international isolation, the Islamic Republic stands to make an estimated $700 billion off its vast deposits of minerals — such as…

Iran signs oil deal with Russia’s Lukoil

Russia’s Lukoil has sealed a deal with Iran to look for hydrocarbon reserves in southern Iran. Iran says it has signed a deal with Russia’s Lukoil over two exploration projects in the country’s southwestern oil-rich Khouzestan province, reported Press TV. Hormoz Qalavand, the director for exploration affairs of the National…