Iran, Russia Enter €2.5b JV to Produce Rolling Stocks

ALGIERS July 31 (AE&B)-- he Industrial Development and Renovation Organization signed a €2.5 billion contract with Russia’s CJSC Transmashholding in Tehran on Monday for joint production of rolling stock in Iran.  

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OPEC daily basket price stood at $49.46 Friday

ALGIERS, July 31 (AE&B)- The price of OPEC basket of fourteen crudes stood at $49.46 a barrel on Friday, compared with $48.88 the previous day, according to OPEC Secretariat calculations.

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Six-Fold Rise in EU Oil Imports From Iran

ALGIERS, July 29 (A&EB)-Iran's crude oil exports to European Union countries in the first four months of the year reached 9.31 million tons, more than six times higher than those in the corresponding period last year,Iran’s Financial Tribune reports.  

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