Iran and Italy have signed a framework credit deal to fund up to EUR 5 billion (USD 6.02 billion) of investments in Iran, Italy’s economy ministry announced on Thursday.

Iran names new OPEC envoy


TEHRAN, June 22, 2016 – Behrouz Beik Alizadeh, senior oil market analyst at the Iranian Ministry of Petroleum, has been named Iran’s new representative at OPEC, industry information provider Shana reported on Wednesday.


Alizadeh will replace Medhi Asali, who is up for retirement, Minister of Petroleum Bijan Namdar Zangeneh said in a statement.