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).

TEHRAN (FNA)- Azerbaijan’s national oil company, SOCAR, said on Monday it had begun exporting Azeri Light crude to Iran to compensate for export constraints imposed by a pipeline blast in Turkey and war in Georgia.

TEHRAN (FNA)- The Turkish energy minister’s trip to Iran to firm up energy deals between the two countries is expected to be delayed by two weeks until mid-September, an energy ministry source said on Thursday.