TEHRAN (FNA)- Iran’s Oil Minister Gholam Hossein Nozari said on Wednesday the oil market was well supplied and other reasons including the United States’ economic problems were behind rising crude prices.

TEHRAN (FNA)- Iran is planning to pump in excess of $120 bln into projects to produce 80 million tons of liquefied natural gas (LNG) within 12 years and become the world’s largest LNG exporter, an Iranian gas official said Wednesday.

TEHRAN (FNA)- Iran is negotiating with Spanish and British-Dutch energy giants to switch their gas exploration blocs with others due for later development, Oil Minister Gholam Hossein Nozari said Thursday.