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U.S. markets recover from steep losses
TEHRAN, Nov. 21 (UPI) -- Iran aims to hike its crude oil refining capacity to 3.2 million barrels per day from its current 1.7 million barrels by 2012.
However, to reach that goal the Islamic republic needs $18 billion in foreign investment, said Mohammad-Reza Nematzadeh, deputy oil minister and managing director of the National Iranian Oil Refining and Distribution Co.
He said that production of gasoline was among the serious challenges facing Iran and that domestic "gasoline consumption has been higher than production since the victory of the Islamic revolution," IRNA reported Tuesday.
Iran has been importing gasoline over the past 20 years and that "gasoline consumption in Iran has risen considerably in the past six to seven years."
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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