TEHRAN, Feb. 3 (UPI) -- Iranian oil officials boasted of the national oil refining capacity at four oil fields during the inauguration of new infrastructure.

ABUJA, Nigeria, Jan. 30 (UPI) -- A Korean business consortium said it would explore legal options after the Nigerian government canceled an oil exploration contract.

MOSCOW, Dec. 15 (UPI) -- Russian state records released Monday indicate national oil production from January to October dropped by 0.6 percent compared with 2007.

TEHRAN, Dec. 8 (UPI) -- Iranian energy officials said there are plans to build seven new oil and gas refineries across the country as early as 2013, state-run media said Monday.

TEHRAN, Dec. 2 (UPI) -- Iranian national oil and gas companies signed deals worth $14 billion with Malaysian firms to export natural resources, the Oil Ministry said.

BARCELONA, Spain, Nov. 19 (UPI) -- The declines in the world crude oil market may force oil majors to postpone future projects even if prices remain steady, Chinese officials said.

OPEC announces losses in revenues; China projects lower oil prices; China-Myanmar pipeline planned despite oil prices.

TRIPOLI, Libya, Nov. 10 (UPI) -- December may be too early for the Organization of Petroleum Exporting Counties ministers to decide on production cuts, a Libyan oil official says.

HOUSTON, Nov. 6 (UPI) -- Oil companies from Pakistan, Thailand, Angola, Algeria, Turkey and Vietnam are qualified to bid on Iraqi oil and gas field deals to be awarded next June.