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  Economy - 0 News

Iran's Power Sector Experiencing Rapid Growth
TEHRAN (FNA)- Iranian Energy Minister Parviz Fattah said the capacity of the country's installed power network expanded by more than seven times in the past three decades after the victory of the Islamic Revolution. ( 15:53:51 - 2009/01/17)

Islamabad Set to Go ahead with IPI Pipeline Project
TEHRAN (FNA)- Pakistan repeated determination to proceed with a project to import natural gas from Iran through a $7.4 billion pipeline which is due to take Iran's rich reserves to the energy-hungry Pakistan and India. ( 20:38:28 - 2009/01/16)

Iran to Spend $1bln on Sri Lanka refinery
TEHRAN (FNA)- Iran is contributing $1 billion to help Sri Lanka double the capacity of its refinery to 100,000 barrels per day (bpd), the oil minister of the island nation, A.H.M. Fowzie told reporters. ( 20:38:24 - 2009/01/16)

Iran Speeds Up Cooperation with Bolivia
TEHRAN (FNA)- The Iranian government has accelerated cooperation with Bolivia in order to fulfill the agreements signed between the two countries' president on September, 2007. ( 20:38:19 - 2009/01/16)

Iran to Open Bank Branch in Karachi
TEHRAN (FNA)- Iran's Consul General in Pakistan Masoud Mohammad Zamani said that the Iranian government has planned to open a branch of Export Promotion Bank in Karachi this year, and consequently create a liaison with the State Bank of Pakistan. ( 20:38:07 - 2009/01/16)

Iran-China Cooperation to Help Stabilize Oil Market
TEHRAN (FNA)- Joint commercial oilfield development by Iran and China would help stabilize the oil market, China's Foreign Ministry spokeswoman Jiang Yu said Thursday. ( 19:22:17 - 2009/01/16)

Iranian Private Sector to Build 18 Refineries
TEHRAN (FNA)- Iranian Oil Ministry issued 18 permits to the private sector for the construction of crude oil refineries. ( 19:22:12 - 2009/01/16)

Iran Converts Petrochemical Waste into Gasoline
TEHRAN (FNA)- Iranian experts have successfully completed a project for producing gasoline from petrochemical wastes. ( 18:24:39 - 2009/01/16)

Iran: Boeing Can Shrink Financial Meltdown by Selling Planes to Iran
TEHRAN (FNA)- A top Iranian aviation official said his country is prepared to order passenger planes from Boeing if the United States lifts sanctions against Iran. ( 20:50:38 - 2009/01/15)

UAE Company to Earn $1.6bln Revenue from Iran Deal
TEHRAN (FNA)- Etisalat, the United Arab Emirates' largest telephone company, will be able to earn as much as $1.6 billion in revenue from its Iranian mobile-phone operations in five years, ING Groep NV said. ( 19:56:11 - 2009/01/15)

Iran, China Sign $1.7bln Oil Contract
TEHRAN (FNA)- Iran and China on Wednesday signed a 1.76 billion dollar contract for the initial development of the North Azadegan oil field in western Iran, an Iranian oil ministry official said. ( 19:55:51 - 2009/01/15)

Iran to Build 5mln Barrel Storage Tanks to Boost Storage
TEHRAN (FNA)- Iran's storage capacity will raise by 25% once construction work of new storage tanks in Kharg Island in the Persian Gulf is complete, a senior Iranian oil official said. ( 19:04:33 - 2009/01/15)

Iran to Set up 1,000-MW Power Plant to Export Electricity to Pakistan
TEHRAN (FNA)- Iran is planning to set up a gas-based power plant with a power-generation capacity of 1,000-MW near the southeastern city of Zahedan to export electricity to Pakistan. ( 19:04:15 - 2009/01/15)

Mobarakeh Steel Complex Lowers Prices as Stocks Pile Up
TEHRAN (FNA)- Iran's Mobarakeh Steel has once again agreed to lower domestic prices in a bid to offload stockpiles that have been estimated to amount to as much as 350,000 tons. ( 19:04:13 - 2009/01/15)

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