Iran News

Salman Oil, Gas Field Development Plan Enacted

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.

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Iran Has 85bln Barrels Heavy Oil Reserve

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.

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Oil Gains over $1 as Gustav Shuts US Output

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.

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Iran may Urge OPEC to Cut Supply to Defend $100 Oil

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.

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Kish Island, Pearl of Persian Gulf

TEHRAN (FNA)- Kish Island off the Iranian coasts in the Persian Gulf is one of the Middle East’s most popular tourist destinations. The free trade zone draws one-and-a-half million visitors each year to its shopping centers, resort hotels, beaches and festivals.

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Kiriyenko Puts off Visit to Tehran

TEHRAN (FNA)- Russia’s nuclear power chief cancelled a Sunday visit to Tehran that was planned to prepare the nuclear fuel operation of the joint Bushehr power plant in southern Iran.

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