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.