Malaysia, China to cooperate in Iran oil project Chinese and Malaysian companies are probable to get involved in Iran’s Resalat oilfield project.

Oil jumps above $73 on dollar fall, Nigeria attack SINGAPORE – Oil prices jumped above $73 a barrel Tuesday in Asia as a weakening U.S. dollar and attacks on oil installations in Nigeria helped push prices to eight-month highs.

Oil above $71 as rebels attack Nigerian facility Oil prices rose above $71 a barrel Friday as renewed attacks on oil facilities in Nigeria raised supply concerns and as the dollar slipped further against the euro, drawing investors into commodities.

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Gas usage ‘will rise’ despite challenges Gas Exporting Countries Forum president HE al-Attiyah with delegation heads of the member countries after their 8th Ministerial Meeting here yesterday

Iran introduces candidate for GECF Sec. Gen. Iran has declared a candidate for Gas Exporting Countries Forum (GECF) Secretary General, said Iran's OPEC Governor Mohammad Ali Khataibi avoiding to give more details about the candidate.

ABB wins $233 million gas plant order in Algeria ZURICH, June 9 (Reuters) - Swiss engineering company ABB (ABBN.VX) said on Tuesday it won a $233 million contract from Algerian oil and gas company Sonatrach for three gas plants in Algeria

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Mehr Petrochemical Complex starts production The Mehr Petrochemical Complex in Assaluyeh has become operational, the National Petrochemical Company managing director said here on Saturday.

7 petchem projects launched in Fars province Seven petrochemical projects with an initial budget of $3.5 billion were started on Wednesday in Iran's Fars Province.

Petrochemical export to Europe will increase Export of Iranian petrochemical products to European countries will be increased by March 2010.

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Tajikistan urges further cooperation with Iran Tajik Foreign Minister Hamrokhan Zarifi here Tuesday called for further cooperation with Iran in implementing projects to build dams and power stations in his country.

Iran will help Iraq build 2 power plants Iran will provide Iraq with assistance to construct two power plants, according to the Iraqi Ministry of Electricity

Iran to produce bio-ethanol Ali Ameri, head of the National Iranian Oil Products Distribution Company, has revealed that Iran plans to produce bio-ethanol, the local Press TV reported on Wednesday.

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Foreign investment in Iran guaranteed: official Iranian government guarantees any sort of foreign investment in the country either by Iranians abroad or foreign entities, the deputy finance and economic affairs minister stated here on Wednesday.

Iran, Belarus agree to promote commercial ties The deputy commerce minister for development of economic ties said that signing an agreement between Iran and Belarus will help promote bilateral exchanges and commercial ties.

Iraqi president urges investment by Iranian companies Iraqi President Jalal Talabani on Friday called for investment of Iranian companies in his country.

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