EghtesadOnline: A fire that ravaged part of the Isfahan Oil Refinery on Monday was doused within an hour without major casualties, local authorities said.

EghtesadOnline: The National Iranian Oil Company and South Korea's Daelim Industrial Co. have signed a memorandum of understanding, worth $4 billion, on upgrading the Isfahan Oil Refinery .

EghtesadOnline: Development plans are underway at the Isfahan Oil Refining Company, which will be completed at an estimated cost of $600 million.

EghtesadOnline: More than 8.7 billion government-owned shares in Tehran Oil Refinery Company and Isfahan Oil Refinery Company worth 88 trillion rials ($733 million) will be offered in the capital market in the coming week.