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...billion in refining Iranian gasoline. The deal would include financing the major new Hormoz refinery in southern Iran, which will be able to produce about 300,000 bbl. of gasoline and kerosene a day once the four-year construction project is completed. China would also overhaul Iran's aging Abadan refinery in the south so that its production could increase by 29%, according to Iranian oil officials, who provided no deadline for that project. (See pictures of the plainclothes terror of the Basij militia...

Author: /time Magazine | Title: How Iran Might Beat Future Sanctions: The China Card | 7/16/2009 | See Source »

...Iran's current intentions. "We should build something like the Great Wall of China between Iraq and Iran to prevent anyone from coming over," says one soldier, driving in an army convoy from Al-Faw to Basra. To his right, an oil refinery in the Iranian city of Abadan spouts flames on the horizon...

Author: /time Magazine | Title: Where Iraq and Iran Meet, Uneasily | 7/10/2008 | See Source »

What Crocker didn't talk about was Iran - and its plans for Iraq's oil. Months before retaking Basra, the Iraqi government started talks with Iran about running an oil pipeline to Abadan, Iran's main export terminal. Iran also has said that it will have a say in Iraq's mega field Majnun, which may contain 30 billion barrels of oil - a rival to Saudi Arabia's larger field. I suspect, though, if he'd been asked about Iran, Crocker would have said it is simply one more reason we should stay in Iraq, to keep Iran...

Author: /time Magazine | Title: Playing the Iraq Oil Card | 5/9/2008 | See Source »

Iran's inch-by-inch recovery of its territory began last September, when it broke the grip of the Iraqi army around the key oil refinery city of Abadan. The Iranians also launched a series of successful attacks on Iraqi positions along the southern segment of the border between the two countries. In addition, the Iranians have recovered a total of about 155 sq. mi. of land at different points along the 625-mile front...

Author: /time Magazine | Title: Persian Gulf: A Hot and Holy War | 3/22/1982 | See Source »

...former officers loyal to the Shah claimed to have sabotaged the plane, both the government and Mujahedin leaders believed the crash was most likely an accident. Only days earlier, Iran had claimed its "biggest victory" in the year-long border conflict when its forces broke the Iraqi siege of Abadan, a key oil-refining center. Later, the Kuwaiti government protested that Iranian jets had attacked an oil installation in Kuwait. The Iranians denied the charge, but in Washington, Secretary of State Alexander Haig confirmed that U.S.-manned AWACS reconnaissance planes flying above Saudi Arabia had spotted the Iranian fighters...

Author: /time Magazine | Title: Iran: Bloodshed in the Streets Again | 10/12/1981 | See Source »

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