Tehran posits itself as an attractive transit destination

Seeking closer economic ties, Iran posited itself as an attractive transit destination to other countries and a net provider of energy security at a press conference by top official Saeed Jalili, who is being spoken as a presidential candidate to replace Mahmoud Ahmadinejad on his completion of two terms in office. India has been deeply interested in using the Iranian territory as transit route into Afghanistan, Central Asia and Europe. But Mr. Jalili’s stress was more on energy security despite stalled talks on Indian equity participation in the Farzad gasfield and a gas pipeline to run through Pakistan.

New Delhi: Nearly 25 years after HIV was detected in India, travel restrictions continue to bar patients from free movement through nations. HIV-related travel restrictionsexist in 45 countries.

Sultanate of Oman became the first country to ban poultry products from India since avian influenza commonly known as bird flu was reported a week ago from Bangalore.

Move ensures uninterrupted urea supply to Indian market Govt not to drag Gulf nation to International Tribunal

The government has accepted the proposal seeking hike in prices of gas supplied by Oman to an Indian fertiliser plant in the Gulf nation to $1.5 per mmBtu for this year, a move that will ensure uninterrupted supply of urea to the Indian market.

New Delhi Oman has halved the price at which it will sell natural gas to an Indian fertiliser plant in the Gulf nation to $1.5 per mmBtu but has added an annual escalation clause.

Oman, which had previously proposed to raise rates of gas sold to OMIFCO’s urea manufacturing facility at Sur to $3 per million instead of present price of $0.77 per mmBtu, has revised its offer to charge $1.5 per mmBtu, sources in know of the development said.

The Union Cabinet will soon take a call on the vexed issue of whether to go for international arbitration at a London tribunal against Oman, which raised natural gas price from 77 cents to $3 per unit, leading to a sharp rise in the price of fertiliser imported by India under a long-term off-take agreement.

The finance ministry has rejected a request for increasing the price of urea imported from Omifco, an equal joint venture of Indian and Oman firms, in line with the higher gas price implemented by the Arab nation at the beginning of this year.

New Delhi: A billion-dollar venture of public sector cooperatives Iffco and Kribhco in Oman is in jeopardy as Muscat has trebled the price of gas it supplies to India’s only overseas fertilizer pla

Talk of a Middle Eastern green energy boom is likely to prove no more than a mirage with little hope of the region saving clean technology companies from the shrinking project pools of Europe.

At least nine people in Oman were killed and 200 injured after a tropical storm swept through the Arabian Peninsula state, causing at least $50 million-worth of damage, officials said on Thursday.