Mideast News Headlines

Former Iranian President Mahmoud Ahmadinejad (centre) tours the Abadan oil refinery on May 24, 2011

Iran seeks $25 bn as new oil contract offer unveiled

AFP News Iran is seeking $25 billion in investments from 50 deals involving international oil and gas companies, foreign executives were told Saturday in Tehran as the government outlined new contractual terms. Oil Minister Bijan Zanganeh opened a two-day conference in the capital attended by BP, Shell, Total of France, ENI of Italy, Repsol of Spain, OMV from Austria and other majors. All are we…