10 killed in Iran pipeline blast.

Up to 10 Iranian workers died on Saturday in hospital after being badly burnt in an explosion in a gas pipeline, the semi-official Fars news agency reported. The pipeline transporting gas from the Khangiran refinery in Sarakhs to the city of Mashhad in Iran’s northeastern province of Khorasan-e Razavi exploded on Friday when it was accidentally struck by an excavating machine, state media reported.

The accident on the BP oil rig in the Gulf of Mexico and the subsequent oil spill filled headlines and prompted a temporary Washington ban on drilling. Chances for the ban to be lifted soon were hurt by the blaze on a second Gulf rig a couple of weeks ago.

India may raise as much as 190 billion rupees ($4.1 billion) selling shares in Oil & Natural Gas Corp., the country’s biggest energy explorer, and Indian Oil Corp., to help cut its budget deficit. Indian Oil, the nation’s second-biggest refiner, may raise a further 100 billion rupees by selling fresh equity to help it fund a new crude oil processing plant it is building, Oil Secretary S. Sundareshan told reporters in Mumbai today.

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