Bloomberg: Dana Gas PJSC, a United Arab Emirates energy company, said a natural-gas contract between its largest shareholder Crescent Petroleum Co. and National Iranian Oil Co. remains binding.
Dana Gas says contract between Crescent, Iran remains valid
Ahead of Ramadan Iraq violence kills 60
AFP: Weekend violence across Iraq killed 60 people, officials said on Sunday, just days ahead of the start of the holy Muslim fasting month of Ramadan when insurgents typically step up their attacks.
Iran must cut imports to defeat sanctions: chief banker
AFP: Iran has to cut imports to overcome the latest round of economic sanctions world powers slapped on the Islamic republic over its nuclear drive, the country’s central bank chief said on Sunday.
Iran navy equipped with four new submarines
AFP: Iran’s navy on Sunday took delivery of four new mini submarines of the home-produced Ghadir class, media reports said.
Iran upholds five-year jail term for website chief
AFP: An appeals court upheld a five-year jail term for Mohammad Davari, who heads Iranian opposition leader Mehdi Karroubi’s website Sahamnews.org, the site reported on Saturday.
U.S. seeks to offer a balm to Iran for sanctions’ sting
New York Times: President Obama and Secretary of State Hillary Rodham Clinton, arguing that an orchestrated series of global sanctions has brought more economic pain for Iran than its government anticipated, are making a renewed appeal to Iranian leaders to reopen negotiations on the country’s nuclear program that collapsed last year.
Iran drops LNG project under energy policy review
AFP: Iran is abandoning a project to produce liquefied natural gas (LNG) as part of a policy review that will see Tehran focusing more on exporting gas through pipelines, a top oil official said.
Ahmadinejad aide ‘in new row with Iran conservatives’
AFP: A controversial close aide to President Mahmoud Ahmadinejad has incurred the wrath of Iranian conservatives who accused him of making “pagan” remarks about religion, media reported on Saturday.
Price of goods increasing in Iran
Iran Focus: Tehran, Aug. 07 – Prices for basic necessities have increased dramatically in Tehran, including for public transportation and food.
Teachers protest lack of pay in south-west Iran
Iran Focus: Izeh, Iran, Aug. 07 – More than 3,000 teachers and civic employees at Khuzestan province’s city of Izeh who have not been paid since they were hired as long as three years ago are petitioning for the back wages.
