AP - Iraq's oil minister is urging Iran to keep a strategic water route in the Persian Gulf open to the transportation of the crude that fuels the world economy.
From my editorial for McClatchy News, out for national distribution this weekend: Canada's vast oil sands hold an estimated 174 billion barrels of recoverable oil, second in the world only to Saudi Arabia's reserves.
In one of the most memorable moments in cinema, a middle-aged businessman whispers to a young and perplexed Dustin Hoffman one word of advice: “Plastics.” In a 21st-century remake, the word might one day be algae.
Iranian Deputy Oil Minister Javad Owji told reporters in Tehran, "Seven international investors have announced their readiness to finance, design, and construct the pipeline that will transport 110 million cubic meters of Iranian natural gas to Iraq, Syria, and European countries per day."Owji added that talks are underway to begin construction of the multi-billion-dollar project by March 2012, Mehr News Agency reported.