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  Economy - 2 News

Chinese Company Asks Iran to Insure Oil Tankers
TEHRAN (FNA)- Managing-Director of Iran's Kish Bilateral Insurance Institute Mohammad Reza Mohammadi Banayi announced on Sunday that a giant Chinese oil tanker company has requested his institute to give insurance coverage to its tankers.

Iran Raises Gas Reserves Estimate at Kish Gas Field
TEHRAN (FNA)- Senior Iranian oil official announced that Kish Gas Field, which is the biggest independent gas field in Iran, holds more gas reserves than previous estimates. ( 11:02:02 - 2012/05/13)

Iran Eying $1bln Revenue through Carpet Exports
TEHRAN (FNA)- Head of Iran's National Carpet Center Mohammad Baqer Aqa Alikhani said Iran is working to find new markets for its hand-woven carpets to boost its export revenues in this industry to one billion dollars. ( 17:13:40 - 2012/05/12)

Lebanese Diplomat Urges Increased Trade Ties with Iran
TEHRAN (FNA)- Lebanese Charge de' Affairs in Tehran Ali Habhab underlined the necessity for the further expansion of economic relations between Tehran and Beirut, including a boost in the volume of the two countries' trade exchanges. ( 15:30:36 - 2012/05/12)

Turkish Businessmen, Industrialists Eager to Expand Ties with Iran
TEHRAN (FNA)- Head of Turkish Independent Industrialists and Businessmen Association (MUSIAD, also known as TUSIAD) Nail Olpak in a meeting with Iranian Consul-General in Istanbul Mahmoud Heidari underlined MUSIAD's enthusiasm for the further bolstering of ties with the Islamic Republic. ( 12:08:21 - 2012/05/12)

IEA: Iran's Oil Matters Much for Market
TEHRAN (FNA)- The International Energy Agency in a monthly report on Friday said despite a supply boost by OPEC, a cut of Iranian crude can shock the market, specially given the fact that demand for oil will grow this year. ( 11:44:40 - 2012/05/12)

Minister: Turkey's Ties with Iran Not Affected by Dispute over Gas Price
TEHRAN (FNA)- Turkey's Energy Minister Taner Yildiz said despite the existing differences between Tehran and Ankara over the price of natural gas supplies, the two countries enjoy warm relations. ( 11:26:00 - 2012/05/12)

Iran Offers to Boost Power Supplies to Pakistan
TEHRAN (FNA)- Iran's provincial officials informed their Pakistani counterparts that the former can boost electricity exports to Pakistan to help the South Asian nation overcome its energy crisis. ( 11:20:42 - 2012/05/12)

Japan Considering Government Insurance for Iran Crude
TEHRAN (FNA)- Japan's government may insure the nation's tankers that are unable to obtain coverage for shipments of Iranian crude because of European Union sanctions, reports said. ( 11:13:16 - 2012/05/12)

Zimbabwe Urges Increased Oil Imports from Iranian
TEHRAN (FNA)- Zimbabwe wants to increase its crude oil imports from Iran, the African country's Ambassador to Iran Nicholas Kitikiti said. ( 11:11:19 - 2012/05/12)

Pakistan Invites Contractors for Iran Gas Pipeline
TEHRAN (FNA)- Pakistan's Inter State Gas Systems is currently inviting contractors to pre-qualify for the engineering, procurement, construction, and commissioning contract of a 785 km, 42 inch diameter gas pipeline from Iran to Pakistan. ( 11:09:24 - 2012/05/12)

Iran to Launch Production in South Pars Phases 22-24 Next Year
TEHRAN (FNA)- Iranian oil industry officials announced that South Pars gas field phases 22-24 plus their related gas processing plant will come online in the first half of the next Iranian year (March 21-September 21 2013). ( 10:12:22 - 2012/05/12)

Pakistan Ready to Establish Banking Channel for Currency Swap with Iran
TEHRAN (FNA)- Pakistani officials announced that they are ready to introduce banking channels and make arrangements for currency swap with Iran to enhance the two Muslim neighboring states' bilateral trade exchanges. ( 10:02:03 - 2012/05/12)

15 Iranian Petrochemical Companies Waiting for Privatization
TEHRAN (FNA)- Senior Iranian petrochemical industry officials announced that shares of the Persian Gulf Holding, comprising 15 petrochemical companies, worth 25,000 billion rials (approximately $2 billion) will be ceded to the private sector this year. ( 09:56:02 - 2012/05/12)

Iranian Oil Minister Underlines Manufacturing of Drilling Rigs
TEHRAN (FNA)- Iranian Oil Minister Rostam Qassemi said manufacturing contracts of 12 drilling rigs will be signed with Iranian companies in the near future. ( 09:53:44 - 2012/05/12)

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