Russia’s Ambassador to the EU has warned that the bloc will lose out by suspending long-delayed talks on a framework for new relations as retaliation for the military campaign in Georgia.

TEHRAN (FNA)- Iran is shipping the last load of heavy crude oil that was stored in tankers in the Persian Gulf to the Suez Canal for delivery to buyers, an oil ministry official said.

TEHRAN (FNA)- Afghan Foreign Minister Rangin Spanta stressed that his country would continue economic, cultural, political and regional cooperation with Iran and Tajikistan.

TEHRAN (FNA)- President Mahmoud Ahmadinejad’s special representatives in oil related affairs enacted Salman oil and gas field’s development plan in order to boost Iran’s natural gas, crude oil and gas condensates production capacity.

TEHRAN (FNA)- Iran has more than 85 billion barrels of recoverable heavy oil, an official said, suggesting about 60 per cent of the country’s reserves are of that crude category.

TEHRAN (FNA)- A number of 290 telecommunication projects were inaugurated in Esfahan Province on Saturday.

TEHRAN (FNA)- Oil prices rose more than $1 on Monday after energy firms in the US Gulf shut down nearly all offshore oil output and a host of flood-prone coastal refineries ahead of Hurricane Gustav, the biggest threat since 2005’s devastating Katrina.

TEHRAN (FNA)- Oil-rich Persian Gulf monarchies will sign an accord with Turkey aimed at boosting ties between the Arab bloc and Ankara, the chief of the Persian Gulf Cooperation Council (PGCC) said on Sunday.

TEHRAN (FNA)- Woolworths’ biggest shareholder, Iranian property tycoon Ardeshir Naghshineh, may plan his own bid for the confectionery-to-DVDs retailer.

TEHRAN (FNA)- Iran, OPEC’s second-largest oil producer, may urge the crude exporting group to restrain output when it meets Sept. 9 to ensure the market doesn’t become over supplied and push prices below $100.