RT - A huge explosion and fire have engulfed an oil storage facility in Khomein, central Iran, leaving two people dead and one injured, according to local media citing officials. An oil purifier unit in Khomein industrial park caught fire around noon on Friday, Irna reports. The fire has been thoroughly contained, but the fire fighters are ...

Indian Oil Minister Dharmendra Pradhan is likely to discuss Irans access to oil storage facilities in South India during his visit to Tehran next month, a report says. Pradhan is planned to visit Iran on April 6 for the first trip by an Indian minister since Western sanctions werelifted on the Islamic Republic. A senior Indian Oil Ministry official,...

By Reuters (Reuters) -Iranwill build millions of barrels of oil storage facilities in the Gulf over the next few months in response to international sanctions on its exports, Iran's Press TV reported on Sunday. "By the middle of the next (Persian calendar) year (beginning March 20, 2013), nearly 8.1 million barrels will be added to the crude oil ...