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  Economy - 0 News


Official: India Eager to Join IP Gas Pipeline
TEHRAN (FNA)- Managing Director of the National Iranian Gas Export Company (NIGEC) Seyed Reza Kassaeizadeh announced on Monday that India has once again voiced eagerness to join a multi-billion-dollar pipeline project which was initially designed to bring Iran's gas to India via Pakistan. ( 14:54:17 - 2009/09/21)



Nano Gerad Clothes to Conquer Iranian Market Soon
TEHRAN (FNA)- Gerad Afarin, an Iranian men's wear company, founded in 1991, has recently started producing nanofiber clothing, representing its "Nano Gerad" trademark as a new brand in the Iranian market. ( 14:54:12 - 2009/09/21)



Iran Extends Interest-Free Oil Credit to Sri Lanka
TEHRAN (FNA)- The Islamic Republic of Iran has agreed to extend an interest-free credit facility to Sri Lanka to purchase Iran's crude oil, the South Asian nation's government announced. ( 14:36:31 - 2009/09/21)



Iran Exports Sulfur from Phases 9, 10 of South Pars
TEHRAN (FNA)- Iran exported to China the first consignment of sulfur produced from phases 9 and 10 of the South Pars gas field in the south of the country. ( 12:37:01 - 2009/09/21)



Iran Replaces Dollar with Euro in Foreign Exchange
TEHRAN (FNA)- Iranian President Mahmoud Ahmadinejad ordered the replacement of the US dollar by the euro in the country's foreign exchange accounts. ( 16:23:31 - 2009/09/20)



Foreigners Invest in Iran notwithstanding Economic Meltdown
TEHRAN (FNA)- The UN released a report recently in which it was underlined that the direct foreign investment in Iran has increased during 2008. ( 14:23:15 - 2009/09/19)



Iran Exports 135,000 Tons of Raisin Annually
TEHRAN (FNA)- Some 135,000 tons of raisin are being exported aboard from Iran annually. ( 16:01:22 - 2009/09/17)



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)



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