Iran Focus

Saturday, May 25th, 2013

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Iran doubles highest banknote amid inflation fears

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BBC: Iran has doubled the denomination of its highest banknote to 100,000 rials ($10, £6.50), its Central Bank Governor Mahmoud Bahmani has announced.

Iran plans 2 bln euros bonds to develop petrochemicals

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Reuters: Iran will issue bonds worth 2 billion euros ($2.48 billion) to help finance development of its petrochemical industry, the Oil Ministry website SHANA reported on Monday.

Iran discovers major natural gas reserves

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Reuters: Iran has discovered 2.19 trillion cubic feet of in-place natural gas reserves in the Islamic state's northwest, an Iranian newspaper reported on Sunday.

Iran says wants to renegotiate Caspian oil swaps

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Reuters: Iran acknowledged on Saturday that oil swap deals with Caspian Sea producers had stopped, but said it was seeking talks with some oil companies on new terms.

Guards, other Iran firms 'bag mega gas deals'

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AFP: Iran on Tuesday signed contracts worth 21 billion dollars with local firms to develop six gas fields, some of them awarded to the elite Revolutionary Guards, state media reported.

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