Iran

[Shahab3]

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Iran's oil surplus revenue hits $10b - MP
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"Iran`s revenue from oil export was $10 bln more than the figures predicted in the Third Development Plan which will be injected into Forex Reserves Fund," he said. He added agriculture, industry and expansion of services are top priorities for using this credit.
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Spanish firm signs oil deal

LONDON, Oct 16 (IranMania) - The National Iranian Oil Company (NIOC) signed a multi-million-dollar agreement with the giant Spanish oil firm, Respol YPF, for exploration operations in Forouz and Iran-Mehr oil blocks in southern Iran.
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Total to develop South Pars Phase 11

LONDON, Oct 16 (IranMania) - According to an AMN report, a contract is to be finalized between the National Iranian Oil Company (NIOC) and the French Total for the development of both the 11th phase in South Pars and the production unit of LNG, said the managing director of NIOC, Mehdi Mirmoezzi.
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