Volatility in oil prices has given rise to speculations about the fate of black gold in the current year. The commodity traded at over $100 per barrel in June 2014 although it plunged below $50 in January. Hassan Khosrojerdi, head of the Iranian Oil, Gas and Petrochemical Products Exporters' Association, commented on the fluctuation in oil prices in an interview with the Persian daily Arman.
$100 oil price unattainable
A senior Iranian lawmaker has urged US President Barack Obama to assent to the reasonable nuclear demands of the Islamic Republic.
Obama urged to recognize Iran's nuclear right
Since oil prices have fallen below $50 per barrel from their peak last year, the unfreezing of Iranian frozen assets is expected to offset plummeting petrodollars. On November 24, 2014, P5+1 (the US, France, Britain, Russia, China plus Germany) agreed to release $4.9 billion of Iranian funds held in foreign banks until July 1, 2015. Mehdi Taqavi, a university professor, commented on the impact of unfrozen assets on the national economy, economic growth and forex market fluctuations in an interview with the Persian daily Arman. Excerpts follow:
Forex reserves inadequate
Iraq is experiencing tough days. A large swathe of land in the north is under the control of ISIL terrorists since last summer, adding to the problems it had already been grappling with.
Iraqi president: Regional outlook improving
Iran can raise its revenues from the export of agricultural products to $20 billion from the current level of $4 billion, said the chairman of Majlis Agriculture, Water and National Resources Commission.
MP: $20b agro exports attainable
By Sadeq Dehqan & Sadaf Pour Iliaei
Foreign groups eying Fajr
A senior lawmaker has called on the French government to shoulder responsibility for the recent terrorist attacks that have shaken the European nation to the core.
MP: France should shoulder responsibility for terrorist attacks
Interview with Jan Oberg, Danish academician and peace researcher
Iran being punished for not possessing nuclear weapons
By Sadeq Dehqan & Farzam Vanaki
Iran's Rahman vows to break world own record
As one of the country's wealthiest provinces, South Khorasan seemingly possess favorable potentials to become one of the country's economic hubs.
South Khorasan, a paradise for foreign investors

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