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Essar ‘backs off Iranian refinery’India's Essar Group has backed away from development of a new oil refinery in Iran that would violate US sanctions on Tehran, Minnesota Governor Tim Pawlenty said. Essar, which recently bought a Minnesota steel company, had considered wor More… |
Iran starts up oil well in Azadegan fieldThe first of six exploration wells drilled in Iran's Azadegan oil field has become operational at a rate of 3,000 barrels per day (bpd), a senior oil official was quoted as saying by the Oil Ministry's news Web site. Iran has previously sa More… |
