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  Economy - 3 News

Iran Approves Plan to Lop 3 Zeros off Rial
TEHRAN (FNA)- With Iran battling with a double-digit inflation rate, an administration committee working on the reform of the country's economy approved a proposal to lop three zeros off the Iranian Rial. ( 13:47:06 - 2009/09/17)

Tehran Issues Ultimatum to India over Gas Pipeline
TEHRAN (FNA)- Iran issued an ultimatum to India to join the long-waited multi-billion-dollar pipeline project initially designed to bring Iran's gas to India via Pakistan, reminding that China is keen to replace New Delhi in the project. ( 15:57:07 - 2009/09/16)

Envoy: Iran to Import 5 bcm of Natural Gas from Azerbaijan Annually
TEHRAN (FNA)- The Islamic Republic of Iran has reached an agreement with its northern neighbor of Azerbaijan to import 5 billion cubic meters of natural gas per year, the Iranian envoy announced on Tuesday. ( 13:45:06 - 2009/09/16)

SAIPA Appoints New Managing Director
TEHRAN (FNA)- Nematollah Poustin Dooz was appointed as the managing director of Iran's second giant carmaker SAIPA. ( 18:48:30 - 2009/09/15)

Official Underlines OPEC's Overriding Power over Non-OPEC Producers
TEHRAN (FNA)- Iran's OPEC Governor Mohammad Ali Khatibi on Tuesday highlighted the importance and privileges of the Organization of Petroleum Exporting Countries (OPEC) for the world oil market. ( 15:50:53 - 2009/09/15)

Venezuela to Export 20,000 Barrels of Gasoline to Iran per Day
TEHRAN (FNA)- A senior Iranian oil official on Monday announced that Tehran and Caracas have inked a deal on daily supplies of 20,000 barrels of gasoline to Iran from October. ( 17:42:20 - 2009/09/14)

Venezuela to Develop Phase 12 of Iran's South Pars Gas Field
TEHRAN (FNA)- Venezuelan President Hugo Chavez on Sunday announced that the country's state-run oil company will explore and exploit phase 12 of Iran's giant South Pars gas field. ( 13:47:08 - 2009/09/14)

Iran Inks Gas Deal with Foreign Company
TEHRAN (FNA)- Managing Director of the National Iranian Gas Exports Company (NIGEC) Reza Kasaiezadeh announced on Sunday that Tehran has signed an agreement with a foreign company to sell the gas exploited from one of its Persian Gulf fields. ( 17:51:31 - 2009/09/13)

India Keen to Join ECO Train Project
TEHRAN (FNA)- The Indian government voiced enthusiasm for joining the Economic Cooperation Organization's Islamabad-Tehran-Istanbul rail link dubbed as 'ECO Train' in an effort to better access the rich markets of the Middle East and Europe. ( 16:11:17 - 2009/09/13)

Iran to Slash Off 3 Zeroes from Currency
TEHRAN (FNA)- A plan to slash three zeros off Iran's national currency, rial, has been finalized, the head of the country's Central Bank said. ( 12:58:29 - 2009/09/13)

Iran Capable of Repairing Boeing 747
TEHRAN (FNA)- Iran is now able to fix Boeing 747 passenger planes thanks to the sanctions imposed by the US on Iran's air industries, an Iranian aviation official announced on Saturday. ( 16:50:13 - 2009/09/12)

Iran Named OPEC Conference Alternate President in 2010
TEHRAN (FNA)- Iran's Oil Minister Masoud Mir Kazemi was elected on Thursday as Alternate President of the OPEC Conference in 2010. ( 17:09:51 - 2009/09/11)

Pakistani Official Dismisses Change in Route of IP Gas Pipeline
TEHRAN (FNA)- A senior Pakistani official on Tuesday rejected any potential change in the route of a multi-billion-dollar pipeline, supplying Iran's rich gas reserves to the energy-hungry south-Asian nation. ( 15:24:02 - 2009/09/08)

Qatar Keen to Invest in Iran
TEHRAN (FNA)- Qatar's Finance and Economy Minister Youssef Hossein al-Kamal announced on Monday that his country's investors are eager to invest in Iran's telecommunication, tourism, Banking and steel sectors. ( 17:32:35 - 2009/09/07)

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