Tags: Oil

Iran will stop its importation of gasoline once the new refinery becomes completed and fully operational. The said project was delayed due to sanctions imposed on its nuclear program. The project is initially backed up by NIORDC and private developers.

Privately held oil and gas exploration and production company Chaparral Energy Inc. has planned to miss the interest payment due April 1 tied to a $300 million bond, according to people familiar with the matter.

Appellate Division of Manhattan unanimously ruled that the past decision of Judge Kornreich to dismiss lawsuit against "adulterated" heating oil is wrong.