AFP: Iran on Sunday said it has discovered a new oil field in the hydrocarbon-rich province of Khuzestan with more than one billion barrels of crude in place.
Iran says discovers billion barrel oil field
Russia’s Gazprom looks to expand business with Iran
Reuters: The head of Russian gas company Gazprom was in Iran on Sunday looking for new business opportunities after French oil major Total froze investment in a major Iranian field citing political risk.
Iran vows to ‘cut off enemies’ hands’ if attacked
AFP: Iran will "cut off the hands" of any enemy that attacks the country over its controversial nuclear programme, President Mahmoud Ahmadinejad warned on Sunday.
Threat to Iran puts Gulf oil exports at risk
Reuters: Oil exports from the whole Gulf region would be at risk if Iran's exports were hindered by any threat, said the OPEC Governor of Iran, which has vowed to retaliate should its nuclear facilities come under attack.
West seizes £800m-worth of drugs from Iranian ports
Independent on Sunday: Worsening tension between Iran and the West has been given a new twist by the revelation that the Royal Navy and allied forces have intercepted smuggled narcotics worth more than £800m coming out of Iranian ports. Much of the money, it is claimed, helps to fund the Taliban in Afghanistan.
President George W Bush backs Israeli plan for strike on Iran
Sunday Times: President George W Bush has told the Israeli government that he may be prepared to approve a future military strike on Iranian nuclear facilities if negotiations with Tehran break down, according to a senior Pentagon official.
Official says Iran would destroy Israel if attacked
Reuters: Iran would destroy Israel and 32 U.S. military bases in the Middle East if the Islamic Republic was attacked over its disputed nuclear programme, a senior Iranian official was quoted as saying on Saturday.
Iran confirms Total’s withdrawal from gas project
AFP: Iran's oil minister confirmed on Saturday that French energy giant Total has dropped out of a multi-billion-dollar gas investment in the Islamic republic, the state broadcaster reported.
Experts point to deceptions in Irans military display
New York Times: Iran’s war games this week featured more bluff and exaggeration than displays of menacing new power, military analysts said Friday.
Official: Iran missile tests used ‘old equipment’
AP: Iran's missile test this week did not demonstrate any new capabilities, according to a U.S. official familiar with the intelligence, and the test may not have included one of the longer-range missiles Iran claims was among those launched.
