Tehran - Iran has presented its reply to an offer by world powers to resolve the dispute over its nuclear activities, Fars news agency reported Tuesday.

The reply was delivered to European Union officials by the Iranian ambassador to Brussels, Fars said without giving further details.

The offer by the five United Nations veto powers plus Germany is for far-reaching economic cooperation with Iran, including the field of civilian-sector nuclear power, in return for a pledge by Tehran to refrain from uranium enrichment activities.

On Monday, the United States warned that Iran would face new Security Council sanctions if it did not accept the offer of fresh talks and incentives.

Tehran  - Iranian Foreign Minister Manouchehr Mottaki has said that no deadline had been set for Iran by world powers regarding the ongoing dispute over the Islamic republic's nuclear programme, Tehran media reported Thursday.

"The terminology of deadline is not clear us as we have presented the world powers our standpoints and now await their view," Mottaki was quoted as saying by official news agency IRNA.

Washington had following talks in Geneva on July 19 between Iran and the five UN veto powers plus Germany (5+1) said that Tehran had two weeks to respond to the latest package aimed at resolving the nuclear dispute. That deadline is due to expire on Saturday.

Tehran - Iranian Foreign Minister Manouchehr Mottaki has said that no deadline had been set for Iran by world powers regarding the ongoing dispute over the Islamic republic's nuclear programme, Tehran media reported Thursday.

"The terminology of deadline is not clear us as we have presented the world powers our standpoints and now await their view," Mottaki was quoted as saying by official news agency IRNA.

Washington had following talks in Geneva on July 19 between Iran and the five UN veto powers plus Germany (5+1) said that Tehran had two weeks to respond to the latest package aimed at resolving the nuclear dispute. That deadline is due to expire on Saturday.

Nicosia, July 31: In the course of this month, the Iranian Minister of Petroleum Gholamhossein Nozari announced three significant oil discoveries in the south-west of the country.

Currently, Iran is the second largest producer among the countries of OPEC, behind Saudi Arabia.

The latest discovery was made near the city of Abadan. The estimated oil-in-place amounts to 500 million barrels.

Nozari said the new oilfield would be called Arvand.

Tehran - Iran's supreme leader said Wednesday that world powers would not change their policies towards Iran even if Tehran made concessions on its nuclear dispute with them.

Ayatollah Ali Khamenei called the view that Iranian concessions on its nuclear programme would lead world powers to change their policy towards Iran "totally irrational and wrong."

The international community is awaiting Iran's reply to the latest Western-proposed package, under which it is to choose between suspending uranium enrichment and receiving economic incentives in return, or not suspending and facing further financial sanctions.

Tehran - Iranian President Mahmoud Ahmadinejad said it would take 20 years to correct mistakes made by US President George W Bush's administration, the Fars news agency reported Wednesday.

"The US is currently going through its worst phase in history: They have an economic crisis, politically they have reached a dead end and even European nations hate the US thoughts and approaches," Ahmadinejad said.