Eurasia Press & News

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.

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.

TEHRAN (FNA)- A number of 290 telecommunication projects were inaugurated in Esfahan Province on Saturday.

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.

TEHRAN (FNA)- Oil-rich Persian Gulf monarchies will sign an accord with Turkey aimed at boosting ties between the Arab bloc and Ankara, the chief of the Persian Gulf Cooperation Council (PGCC) said on Sunday.

TEHRAN (FNA)- Woolworths’ biggest shareholder, Iranian property tycoon Ardeshir Naghshineh, may plan his own bid for the confectionery-to-DVDs retailer.

TEHRAN (FNA)- Iran, OPEC’s second-largest oil producer, may urge the crude exporting group to restrain output when it meets Sept. 9 to ensure the market doesn’t become over supplied and push prices below $100.

TEHRAN (FNA)- Two leading global energy companies are promoting business with Iran.

TEHRAN (FNA)- Kish Island off the Iranian coasts in the Persian Gulf is one of the Middle East’s most popular tourist destinations. The free trade zone draws one-and-a-half million visitors each year to its shopping centers, resort hotels, beaches and festivals.

BRUSSELS (Reuters) – The European Union will warn Russia on Monday that relations could suffer in future if Moscow does not uphold accords to end the Georgia conflict, according to a draft summit statement that shied away from sanctions.