Italy to invest $450m in biofuel project in Iran
The Italian private sector will invest $450 million in the establishment of a bioethanol fuel production plant in the Amirabad Special Economic Zone (ASEZ), north of Iran. An agreement has already been signed with the foreign investor and it will be finalized into a contract in the near future, IRNA…
OPEC ceiling indecision favors Iran: Official
Member countries of the Organization of Petroleum Exporting Countries (OPEC) failed to reach a consensus to put a ceiling to the group’s daily output on December 4. The members therefore decided to stick to OPEC’s policy of producing oil as much as possible to squeeze out unconventional, non-OPEC producers. Shana…
