Iran

Iran Trying to Expand Bandwidth Capacity

TEHRAN (FNA)- Currently, the capacity of the state bandwidth is about 12,000 Mega bits and the efforts for expanding it to 15,000 Mega bits are being followed up rapidly, an Iranian official said.

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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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