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  Economy - 0 News


Iran, S. Africa to Cooperate in Energy Sector
TEHRAN (FNA)- Iran and South Africa have decided to boost cooperation in oil, gas and petrochemical industries, a senior Iranian economic official said. ( 17:24:19 - 2009/01/18)



Iran Calls for Further Cut in OPEC Output
TEHRAN (FNA)- A senior Iranian oil official stressed the need for the Organization of Petroleum Exporting Countries to slash output in a bid to shore up prices. ( 19:27:28 - 2009/01/17)



Iran Foresees Oil Price at around $40 in 2009
TEHRAN (FNA) - Iranian Oil Minister Gholam Hossein Nozari Saturday predicted crude oil prices to stand at around $40 per barrel in 2009. ( 19:13:08 - 2009/01/17)



Indonesian Company Plans to Buy Stake in Iran Telecom
TEHRAN (FNA)- State-owned PT Telekomunikasi Indonesia Tbk, or Telkom, plans to create a consortium with unnamed Iranian government-linked agencies to acquire a stake in the state-owned Iranian Telecom Co. this year, a senior Telkom executive said on Friday. ( 18:41:25 - 2009/01/17)



Iranian, Pakistani Private Sectors can Boost Industrial Growth in Region
TEHRAN (FNA)- Joint ventures and collaborations by the Iranian and Pakistani private sectors can help boost and accelerate the pace of industrial growth in the region, a former Islamabad official said. ( 18:01:25 - 2009/01/17)



Iran's Central Bank Foresees Downward Trend for Oil Prices
TEHRAN (FNA)- Governor of Iran's Central Bank said that the oil prices will continue a downward trend as a deteriorating future is awaiting the financial meltdown in Europe and the US. ( 16:10:02 - 2009/01/17)



Iran Allocates $200mln to Set up Specialized Agricultural Unions
TEHRAN (FNA)- Iranian government allocated 200 million dollars to establish 30 specialized agricultural unions in provinces, each focusing on the promotion of the main agricultural product of the province. ( 15:54:54 - 2009/01/17)



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)



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