SHANA - A member of the Iranian parliament says attraction of foreign direct investment (FDI) in the petrochemical sector must be a priority for the companies operating in the sector to develop the industry. Speaking to Shana, the spokesman of the Parliament's energy committee, Asadollah Ghareh Khani said investment in petroleum projects is a priority ...

Irans parliament has given the go-ahead to the governmentto put a new oil contract model into effect, the Ministry of Petroleums Shana news agency reported on Saturday. The new formula,which has drawn criticism from some politicians and experts, was reviewed by a parliamentary panel but not voted by lawmakers. After examining the new contract ...