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Iran to Set Aside 20% of Oil Revenues
TEHRAN (FNA)- Supreme Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei has ordered that 20 per cent of oil and gas revenues should in future be set aside for a new investment fund. ( 17:40:50 - 2009/01/13)

Mining Accounts for Increased Share of Iran's GDP
TEHRAN (FNA)- The share of Iran's GDP held buy mining and mineral industries has risen to 5% over the last few years, a senior Iranian official said. ( 17:16:31 - 2009/01/13)

Iran, Ecuador Discuss Oil Cooperation
TEHRAN (FNA)- A visiting Iranian delegation met with Ecuadorian President Rafael Correa on oil cooperation Monday. ( 17:14:30 - 2009/01/13)

Iran's Freed Vessel Heading for Bandar Abbas
TEHRAN (FNA)- An Iranian handymax is heading towards Bandar Abbas after being freed by Somalian pirates late on Friday, the same day as the high-profile release of Saudi very large crude carrier Sirius Star. ( 17:13:38 - 2009/01/13)

Cabinet Sets up Working Group to Respond to Global Financial Crisis
TEHRAN (FNA)- In response to President Mahmoud Ahmadinejad's proposal, the cabinet has established a working group to manage the impact of the global financial crisis on Iran's economy and to turn the crisis into an opportunity. ( 15:09:02 - 2009/01/13)

Tehran Hosts Exhibit on Industrial, Mining Potentials
TEHRAN (FNA)- The exhibition of achievements of the industrial and mining sectors kicked off in Tehran on Monday. ( 15:05:53 - 2009/01/13)

Iran's Free Zones Ready to Absorb Turkish Investments
TEHRAN (FNA)- President's Advisor in Free Economic Zones Affairs in a meeting with head of Iranian businessmen and industrialists association in Turkey expressed Iran's FEZ readiness to accept Turkish investments in different fields. ( 13:55:40 - 2009/01/13)

Turkish Minister to Visit Iran to Discuss Bolstering Trade
TEHRAN (FNA)- Turkey's State Minister Kursad Tuzmen said he would travel to Egypt and Iran later in January in a bid to enhance mutual cooperation in trade and other economic sectors. ( 19:04:41 - 2009/01/12)

Iran: OPEC May Cut Output in March
TEHRAN (FNA)- OPEC could decide to reduce oil output again at its meeting in March if crude prices fall further, Iran's representative to the Organization of the Petroleum Exporting Countries said. ( 19:04:33 - 2009/01/12)

Iranian Firm to Set up $81mln Iron Plant in Iraq
TEHRAN (FNA)- An Iranian company delegation is visiting the Iraqi city of al-Samawa to negotiate over the construction of an iron and steel company in the province of al-Muthanna at a cost of $81 million. ( 17:36:18 - 2009/01/12)

ECO Regional Planning Council Meeting Opens
TEHRAN (FNA)- The 19th Meeting of Economic Cooperation Organization (ECO) Regional Planning Council kicked off work here on Monday. ( 15:15:37 - 2009/01/12)

Parliament Expects Bill on 5th Development Plan in 5 Months
TEHRAN (FNA)- Former Management and Planning Organization director Farhad Rahbar called on the administration to submit the bill on second Fifth Five-Year Development Plan (2010-2015) to the Parliament within the next five months. ( 15:08:50 - 2009/01/12)

9-Month Cement Output Up 14%
TEHRAN (FNA)- Iran has produced 34.658 million tons of cement in the first nine months of the current Iranian calendar year (Mar. 19-Dec.20, 2008), showing a 14 percent rise compared to the figure for the corresponding period last year. ( 14:43:08 - 2009/01/12)

Iran to Discuss Gas Swaps with Russia, Qatar
TEHRAN (FNA)- Iran is to discuss swapping natural gas with Russia and Qatar at an upcoming meeting of a recently formed gas forum known as the Gas Exporting Countries Forum (GECF), a senior Iranian energy official said. ( 19:22:20 - 2009/01/11)

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