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.

TEHRAN (FNA)- Iranian President Mahmoud Ahmadinejad criticized Israel for not pursuing peaceful dialogue to resolve regional disputes and said it only understands the language of gun.

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).