Iran to pump in $ 150 Bn. in oil and gas
Iranian Oil Minister Masoud Mirkazemi said that the ministry will invest $150 billion in the oil and gas industry during the Fifth Five Year Development Plan.
Oil and gas company Exco Resources Inc. said it received $230 million from its joint venture partner BG Group for 50 percent of Marcellus shale assets it recently acquired.
Jude 
Maritime News 
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