Iran signs oil contract with Spanish firm May 2, 2012 - 12:51 AMT PanARMENIAN.Net - Iran's Society of Iranian Petroleum Industries Equipment Manufacturers (SIPIEM) signed a 1.6 billion euro contract with a Spanish company to manufacture high-tech equipment and components for its oil and gas, according to Tehran Times. The SIPIEM also signed another contract with a Chinese company to transfer technology to Iranian oil industry. “Iranian manufacturers have the potential to supply the oil industry with $20 billion worth of domestically-made goods and equipment this year, which began on March 20,” an official said earlier. Oil Minister Rostam Qasemi has said that the economic sanctions against the Islamic Republic “will not be effective enough to hinder progress of the country’s oil industry.”   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Latest news Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals  Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush.Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year.Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. |
