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Entries in Edison Oil (2)

Monday
Jul092012

The Latest from Iran (9 July): Desperately Seeking All-Is-Well Oil News

See also The Latest from Iran (8 July): Admitting the "Sanctions Problem"


1810 GMT: Foreign Affairs Watch (Egyptian and Syrian Fronts). Press TV highlights the latest push by Tehran to present an Iranian-Egyptian alliance under the headline "Egypt Revolution Undoubtedly Inspired by Iran":

Ali Akbar Velayati, a senior advisor to Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei, says the Egyptian revolution was “undoubtedly” inspired by the 1979 Islamic revolution in Iran.

“We are happy that despite all the difficulties an Islamist [presidential] candidate won in Egypt,” Velayati said in a meeting with the Secretary General of Egypt's Amal Party Magdi Hussein in Tehran on Monday....

Velayati described [Egyptian President Mohamed] Morsi’s victory as “a very important achievement,” saying, “Safeguarding this achievement is more important than achieving it".

Velayati also had some sharp words about the Syrian political crisis, “Certain regional states and aggressive countries such as the US and the Israeli regime have joined hands and hatched a plot against the Syrian government.” He said the public’s problems would undoubtedly be resolved based on the reforms which are underway.

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Saturday
Jul072012

The Latest from Iran (7 July): Warning the Green Movement

See also Iran Audio Feature: Nuclear Talks, Domestic Politics, & a Worried Regime --- Scott Lucas with Monocle 24
The Latest from Iran (6 July): Tehran Puts Out Positive Nuclear Messages


1730 GMT: Oil Watch. The National Iranian Oil Company has suspended a contract worth $107 million for the development of the Dayyer oilfield by the Italian company Edison.

NIOC said Edison, which signed the deal in 2006, had failed to meet its contractual commitments, with slow progress of the project to study two-dimensional seismographic information on 7500 square kilometers of the oilfield and to drill an exploration well.

A number of major contracts with foreign companies have been suspended in the last two years amid technical issues and sanctions.

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