Classic Layout

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.

Read More »

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.

Read More »