Home

Iran wants investment for safe oil

Calcutta News.Net
Sunday 12th October, 2008

Iran has been seeking foreign investment for development of the country's oil and gas deposits to ensure its energy security from big power monopoly and regional conflicts, claiming it has the safest route for oil transport.

Addressing the opening session of an energy conference, Iranian Foreign Minister Manouchehr Mottaki said Iran insisted upon the security of oil supplies.

He said that Iran had the safest and most economical route for piping oil and gas, from Iran to the Caspian Sea or to the Persian Gulf.

Mr Mottaki said investments worth more than $20 billion were needed for the country's oil refining industry.

The minister voiced Tehran's readiness to accept assistance to double its present refining capacity of 1,750,000 barrels per day.

Email this story to a friend



Have your say on this story

Your name/nickname (optional)
Message
Top Stories  
  • Central forces' deployment in Kandhamal extended
    Bhubaneswar, July 4 (IANS) Conceding Orissa Chief Minister Naveen Patnaik's demand, the central government has extended the deployment of its paramilitary forces for two more weeks in the state's Kandhamal district, which witnessed communal riots last year, an official said here Saturday. [read story]
  • India meets Egypt musically in Rahul Sharma's new album
    New Delhi, July 4 (IANS) His father is a music legend and he too has carved a niche for himself as a Santoor player. Rahul Sharma, son of Santoor maestro Pandit Shiv Kumar Sharma, is now all set to entertain music buffs with his new album 'A Meeting By The Nile', a fusion of Indian and Egyptian music. [read story]
  • I was to do Akshaye's role in 'Short Kut': Anil Kapoor
    Mumbai, July 4 (IANS) If the original cast of 'Short Kut - The Con Is On' would have remained intact, audiences would have seen Anil Kapoor playing the role that Akshaye Khanna now essays. Also, Arshad was a late entry into the project as he finally got the part written for Akshaye. [read story]
  • Liberhan report will hurt Advani the most
    The M.S. Liberhan report on the Babri Masjid demolition could not have come at a worse time for the Bharatiya Janata Party (BJP). [read story]
  • Victory for gays gets three cheers from Bollywood
    Mumbai, July 4 (IANS) Bollywood can't stop talking about the Delhi High Court's landmark judgement that has decriminalised gay sex. From Shatrughan Sinha to Sushmita Sen, all say the verdict was long due and celebrates an individual's right to choose. And they all feel lesbians, gays and transgenders can finally live freely without fear. [read story]