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Reports: Ahmadinejad Government Could Be Dismantled

The Iranian media are reporting that the Expediency Council, headed by Hashemi Rafsanjani, the main political rival of Iranian President Mahmoud Ahmadinejad, is discussing the removal of Justice Minister Gholam Hossein Elham, who is currently ... December 3, 2008, 11:59 am

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Iran: A case for legal evolution

... of them have been forthcoming in distancing themselves from it. Case in point, Justice Minister Gholam Hossein Elham, who is also a member of the powerful Guardian Council, addressed theissue during his recent trip to New York and insisted that there has not been one case of stoning to death under the Mahmud Ahmadinejad administration. Elham's comments came in response to a complaint...

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The Decline of Oil

... in an interview published Saturday that oil should be priced at $75 a barrel. Iranian Oil Minister Gholam Hossein Nozari was quoted as saying Sunday that the market was oversupplied by around 2 million barrels per day and that production should be cut by that amount. Russia’s energy minister said the country may coordinate oil production cuts with OPEC to help stem the slide in crude...

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Iran says non-OPEC crude producers to cut oil production

Iran's Oil Minister Gholam Hossein Nozari said here Sunday that the non-OPEC crude producers had agreed to cut their oil production, the semi-official Fars news agency reported. Nozari, who was addressing the correspondents on the sidelines of the opening ceremony of 13th International Oil and Gas Conference in Tehran, said that "non-OPEC crude producers including Russia" had agreed to...

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Malaysia to Invest $5-$6B in Iran’s Gas Fields

Xinhua News Agency Malaysia will invest US $5 to $6 billion in Iran’s gas fields, according to the cooperation memoranda of understanding (MOU)s that the two sides signed on Monday, Iran’s satellite press TV reported Tuesday.“Malaysia will invest $5 to $6 billion via buy-back contracts in two Iranian gas fields (Ferdous and Golshan),” Iran’s Oil Minister Gholam Hossein Nozari was quoted...

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Minister: Iran proposes gas transfer to Kuwait

Iran's Oil Minister Gholam-Hossein Nozari said his country had proposed to transfer 500,000 cubic feet of gas per day to Kuwait, the semi-official Fars news agency reported Saturday. Iran and Kuwait have discussed about a deal in this regard for over four years and "Tehran has made its proposals on the issue," Nozari was quoted as saying. Earlier in November, Iran's satellite Press TV...

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Oil prices down to near $52 a barrel

... Purvin & Gertz in Singapore. "Demand is disappearing underneath them fast."Iranian Oil Minister Gholam Hossein Nozari was quoted as saying Sunday that the market was oversupplied by around 2 million barrels per day and that production should be cut by that amount.OPEC, which accounts for about 40% of global supply, reduced output quotas in October by 1.5 million barrels a day."It...

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Oil falls after OPEC doesn’t cut output

... Purvin & Gertz in Singapore. “Demand is disappearing underneath them fast.”Iranian Oil Minister Gholam Hossein Nozari was quoted as saying Sunday that the market was oversupplied by around 2 million barrels per day and that production should be cut by that amount.OPEC, which accounts for about 40 percent of global supply, reduced output quotas in October by 1.5 million barrels a day.“It...

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Oil falls to near $52 as OPEC doesn't cut output

... & Gertz in Singapore. "Demand is disappearing underneath them fast."

Iranian Oil Minister Gholam Hossein Nozari was quoted as saying Sunday that the market was oversupplied by around 2 million barrels per day and that production should be cut by that amount.

OPEC, which accounts for about 40 percent of global supply, reduced output quotas in October by 1.5 million barrels...

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Oil lingers above $52 a barrel

... Purvin & Gertz in Singapore. “Demand is disappearing underneath them fast.”Iranian Oil Minister Gholam Hossein Nozari was quoted as saying Sunday that the market was oversupplied by around two million barrels per day and that production should be cut by that amount.OPEC, which accounts for about 40 per cent of global supply, reduced output quotas in October by 1.5 million barrels...

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Oil falls to near $52

... Purvin & Gertz in Singapore. "Demand is disappearing underneath them fast."Iranian Oil Minister Gholam Hossein Nozari was quoted as saying Sunday that the market was oversupplied by around two million barrels per day and that production should be cut by that amount.OPEC, which accounts for about 40 per cent of global supply, reduced output quotas in October by 1.5 million barrels...

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Iran wants 2 million barrels a day OPEC cut

updated 2:45 p.m. ET Nov. 30, 2008TEHRAN, Iran - Iranian state TV says the country's Oil Ministry has proposed an OPEC production cut of 2 million barrels per day.The cartel is grappling with how to reverse plunging crude prices, but ended a meeting in Cairo Saturday without announcing an output cut, leaving any such decision to its next meeting, in Algeria on Dec. 17.Oil Minister Gholam Hossein...

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Iran says non-OPEC crude producers to cut oil production

TEHRAN, Nov.30 (Xinhua) - Iran's Oil Minister Gholam Hossein Nozari said here Sunday that the non-OPEC crude producers had agreed to cut their oil production, the semi-official Fars news agency reported. Nozari, who was addressing the correspondents on the sidelines of the opening ceremony of 13th International Oil and Gas Conference in Tehran, said that "non-OPEC crude producers including...

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OPEC maintains current oil output in Cairo meeting

VIENNA, Oct. 23 (Xinhua) -- The Organization of Petroleum Exporting Countries (OPEC) should slash daily production by 2 million barrels due to the continuing decline in oil prices, Iranian Oil Minister Gholam Hossein Nozari said here Thursday.

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Minister: Iran proposes gas transfer to Kuwait

TEHRAN, Nov. 29 (Xinhua) -- Iran's Oil Minister Gholam-Hossein Nozari said his country had proposed to transfer 500,000 cubic feet of gas per day to Kuwait, the semi-official Fars news agency reported Saturday. Iran and Kuwait have discussed about a deal in this regard for over four years and "Tehran has made its proposals on the issue," Nozari was quoted as saying. Earlier in November,...