TEHRAN (FNA)- Iranian Oil Minister Gholam Hossein Nozari said any price lower than 100 dollars for a barrel of crude oil is “unsuitable” for both producers and consumers.

TEHRAN (FNA)- Iran’s second international gas conference opened in Tehran today.The 2-day gathering, which is said to have some 100 foreign participants, will be addressed by Iran’s oil minister Gholam Hossein Nozari and senior managers of the country’s petroleum industry.

TEHRAN (FNA)- The Iranian government has agreed to extend the credit facility for Sri Lanka to meet its crude oil requirements for another three months at a concessionary interest rate.