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  Economy - 0 News


Pakistan Gets First Iranian Crude Cargo on Deferred Payment
TEHRAN (FNA)- The first shipment of Iranian crude oil of 65,000 metric tons arrived in Karachi on Friday to fulfill supply of local refineries. ( 17:55:12 - 2009/01/10)



Iranian IT Delegation Visits Kuwait
TEHRAN (FNA)- Kuwaiti Acting Communications Minister Abdulrahman Al-Ghunaim recently received a delegation from Iran's Telecommunications Infrastructure Company (TIC) - Tehran's representative in a joint sea fiber cable project between Kuwait and Iran. ( 17:43:16 - 2009/01/10)



Iran to Pay for Indian Tea in Euro
TEHRAN (FNA)- Iran has decided to pay India in euros instead of US dollars for the tea it imports from this country, Tea Board of India chief Basudeb Banerjee said after returning from a three-day visit to Iran. ( 17:42:12 - 2009/01/10)



Iran, Kuwait Start Oil Output Cut
TEHRAN (FNA)- Evidence of members of the OPEC implementing the group's biggest ever output cuts grew as Iran and Kuwait told some Asian customers of bigger supply curbs, hoping to put a firmer floor under prices. ( 17:39:57 - 2009/01/10)



Indian Tea Traders Optimistic about Increased Exports to Iran
TEHRAN (FNA)- Indian traders are now expecting to increase their exports to Iran after key issues hurting exports to the Islamic republic have been sorted out. ( 17:02:05 - 2009/01/10)



Iran, Russia Agree to Swap Gas
TEHRAN (FNA)- Tehran and Moscow reached an initial agreement to swap gas, Iranian Oil Minister Gholam Hossein Nozari announced here on Friday. ( 14:44:26 - 2009/01/10)



Iran, Turkey Keen to Boost Agro Cooperation
TEHRAN (FNA)- Turkish Minister of Agriculture and Village Affairs Mehmet Mehdi Eker and Iranian Ambassador to Ankara Bahman Hosseinpour in a meeting on Thursday discussed ways to expand cooperation in agriculture and animal husbandry. ( 13:41:45 - 2009/01/10)



Iran Gas to Turkey Raised to 18 mln cubic meters
TEHRAN (FNA)- Iran raised the amount of its daily supply volumes to Turkey to 18 million cubic meters from 12 million, following the partial cut off of Russian gas supplies to Turkey, an Iranian diplomatic source said on Friday. ( 21:19:38 - 2009/01/09)



Iran Raises Feb Crude Prices to Europe, Asia
TEHRAN (FNA)- Iran raised all official selling prices (OSPs) for February crude, a source with National Iranian Oil Co (NIOC) said on Friday. ( 21:19:34 - 2009/01/09)



HDG Prices in Iran Expected to Fall
TEHRAN (FNA)- Iranian HDG price is heading into a slide as well as other flat and long products. ( 21:19:25 - 2009/01/09)



Iran Hikes Cuba Credits to 500mln euros
TEHRAN (FNA)- Iranian Industries and Mines Minister Ali Akbar Mehrabian said that his government had expanded the credit it granted Cuba from 200 million euros to 500 million euros ($272 million to $680 million) and was implementing "very important" bilateral agreements. ( 21:19:16 - 2009/01/09)



Industries Ministry Plans to Increase Tariffs on Imported Steel
TEHRAN (FNA)- Iran's ministry of industries and mines is to make another proposal for increasing steel tariffs on imported steel to the Commission of Article One, Tehran's department responsible for determining customs duties. ( 21:19:01 - 2009/01/09)



Oil Rises to above $42 as Israel Continues Offensive in Gaza
TEHRAN (FNA)- Oil prices rose to above $42 a barrel Friday in Asia as traders speculated that a second front is opening in Israel's Gaza offensive, but analysts said gains would likely be limited by continuing weakness in demand for crude. ( 20:35:12 - 2009/01/09)



S. Arabia Joins Iran, Kuwait in Implementing OPEC Supply Cuts
TEHRAN (FNA)- Top crude oil exporter Saudi Arabia will deepen its supply cuts in February from January levels to Asian consumers to their lowest in almost five years, industry sources said on Friday, as it strives to support oil prices. ( 19:39:04 - 2009/01/09)



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