Middle-east Arab News Opinion | Asharq Al-awsat

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Iranian oil minister Bijan Zanganeh speaks during a news conference at the oil ministry in Tehran in this March 8, 2005, file photo. (REUTERS/Raheb Homavandi/Files)

Iranian parliament investigates tycoon over oil deals

by Asharq Al-Awsat | Sep 12, 2013 | Business

London, Asharq Al-Awsat—The Iranian parliament has formed a “special working group” to investigate a USD 2-billion debt owed by a prominent Iranian businessman to the country’s oil ministry. “The Energy Committee at the Iranian Parliament has been investigating the...

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Iranian Oil Minister, Bijan Namdar Zanganeh defends his nomination for the cabinet of President Hassan Rowhani during a parliament session in Tehran on August 15, 2013 (AFP PHOTO/BEHROUZ MEHRI)

Iran to create new oil export organization

by Ali M. Pedram | Aug 22, 2013 | Middle East

London, Asharq Al-Awsat—Iran’s oil minister, Bijan Namdar Zanganeh, has been tasked with creating a new organization to boost sales of Iranian oil and counter Western sanctions on Iranian oil exports, according to reports in the Iranian media. Zanganeh approved...

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In this June 22, 2008 file photo, Iraqi police officers protecting oil installations secure an oil pipeline from the Rumailah refinery, north of Basra, Iraq. (AP Photo/Nabil al-Jurani)

Iraqi Kurdistan denies exporting crude oil through Iran

by Sherzad Shekhani | Aug 8, 2013 | Business

Erbil, Asharq Al-Awsat—An official source from the Ministry of Natural Resources in the Kurdish Regional Government denied reports that the Kurdish government is exporting Iraqi crude oil to Asian territories via Iranian territory. The source confirmed that “the...

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Iranian Oil Minister Rostam Qasemi (right) walks with India’s Oil Minister M Veerappa Moily after a meeting in New Delhi May 27, 2013. (Reuters/Mansi Thapliyal)

India reduces oil imports from Iran

by Asharq Al-Awsat | Aug 7, 2013 | Business

London, Asharq Al-Awsat—Iranian oil exports face further setbacks after the Indian Oil Corporation (IOC) announced plans to reduce its imports from the heavily sanctioned Islamic republic by 23 percent, according to Veerappa Moily, the Indian minister of petroleum and...

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An oil tanker at the port in the northwestern city of Duba, Saudi Arabia. (REUTERS/Mohamed Al Hwaity)

Jeddah Commercial Forum Tackles Obstacles to Trade

by Fayez Al-Thumali, Fahd Baqmi and Said Al-Abyad | Apr 28, 2013 | Business

Jeddah, Asharq Al-Awsat—The Third Jeddah Commercial Forum, held last week in one of Saudi Arabia’s most important industrial centers, highlighted both the many strengths of the Saudi economy and the need to identify and address obstacles facing trade in the Gulf...