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Two Quakes Hit Western Iran

TEHRAN (FNA)- Two consecutive earthquakes measuring 5.7 and 3.5 on the Richter scale jolted the city of Dehloran in Iran’s western province of Ilam.

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Iran Plans to Boost Crude Storage Capacity

TEHRAN (FNA)- Iran is to start construction on four 1 million barrel oil storage tanks in Kharg Island next month as part of a long term strategy to double the country’s crude reserves.

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Iran to Outlay $30 bln in South Pars Petrochem Project

TEHRAN (FNA)- Iran, the second largest producer of petrochemicals in the Middle East is expected to outlay close to US$30 bln in the South Pars petrochem projects, according to a senior executive in the National Iranian Petrochemical Company (NIPC).

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