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Iranian Oil, Defense Ministries Negotiating Development of 4 Oil Fields
TEHRAN (FNA)- The Iranian oil and defense ministries are in talks over a $4bln deal on the development of four oil fields in Southern and Western Iran, a defense ministry official announced on Sunday.

Iran Eying $1bln Revenue through Carpet Exports
TEHRAN (FNA)- Head of Iran's Hand-Woven Carpet Union Massoud Chamani said Iran will boost its revenues from export of hand-woven carpets to one billion dollars in the near future. ( 15:29:30 - 2012/08/12)

Iranian Envoy Rejects Sales of Cheap Oil to China
TEHRAN (FNA)- Iranian Ambassador to Beijing Mehdi Safari dismissed recent media reports that Tehran is selling its oil at a lower price to China. ( 14:31:34 - 2012/08/12)

MP: Hosting NAM Summit Can Help Improve Iran's Economy
TEHRAN (FNA)- A senior member of Iran's parliament underlined the need for the Iranian government to make use of the potentials of the 16th heads-of-state summit of the Non-Aligned Movement (NAM) when hosting the meeting, and said such an opportunity should be used for the improvement of the country's economy. ( 14:09:42 - 2012/08/12)

Minister Reiterates Iran's High Power Production Capacity
TEHRAN (FNA)- Iranian Minister of Energy Majid Namjou stressed that the country feels no shortage in supplying its domestic power needs, and added that Iran is now generating sufficient electricity to meet the power demands of the neighboring states. ( 19:26:48 - 2012/08/11)

IKCO Brand Cars to Go to Tunisia
TEHRAN (FNA)- Iran's largest automaker, Iran-Khodro Company (IKCO), announced that it aims to penetrate into the Tunisian auto market as part of its plan to improve its global sales and achieve an appropriate share of the global markets. ( 16:52:40 - 2012/08/11)

Iran to Invest $1.3bln in Shiraz Oil Refinery Project
TEHRAN (FNA)- A senior Iranian official announced that the Iranian contractors will take over the construction of Shiraz Pars oil refinery, adding that the country's governmental and private sectors will invest $1.3bln in the project. ( 11:22:07 - 2012/08/11)

S. Korea Likely to Resume Imports of Iran Crude Next Month
TEHRAN (FNA)- South Korea is likely to resume oil imports from Iran as early as next month, a Korean government source said Wednesday, after imports were halted because of a European Union ban on insuring Iranian oil shipments. ( 12:33:34 - 2012/08/08)

Speaker Stresses People's Stronger Role in Iran's Economy
TEHRAN (FNA)- Iranian Parliament Speaker Ali Larijani underlined that people will play a bigger role in the new structure for the country's economy, dubbed as Resistance Economy. ( 11:50:59 - 2012/08/07)

Supreme Leader Underlines Importance of Economy of Resistance
TEHRAN (FNA)- Supreme Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei stressed the importance of economy of resistance for Iran to counter the western states' sanctions against the country, and said the Iranian nation will pave way for its prosperity and progress by implementing the economy of resistance. ( 11:13:10 - 2012/08/07)

New Transmission Line to Increase Iran's Power Supplies to Neighbors
TEHRAN (FNA)- Iran plans to increase exports of electricity to the neighboring states after building a new power transmission line. ( 14:23:57 - 2012/08/06)

Official Downplays Impacts of Sanctions on Iran's Offshore Industry
TEHRAN (FNA)- Acting Deputy Head of the Iranian Offshore Engineering and Construction Company Ali Akbar Arab Mazar played down the impacts of the western sanctions on the country's offshore industry, and said the IOEC has managed to implement its projects in due time irrespective of the western embargos and pressures. ( 14:13:53 - 2012/08/06)

Russian Analyst Stresses High Demand for Iran's Oil
TEHRAN (FNA)- A prominent Russian analyst downplayed the impacts of the western sanctions on Iranian oil exports, reiterating that Iran is not facing any problem for selling its crude as it can find new customers. ( 11:10:03 - 2012/08/05)

Iran-Afghan Trade Ties Up by 15%
TEHRAN (FNA)- The trade exchanges between Iran and Afghanistan have witnessed a 15% increase during the current Iranian year (started on March 20) compared with the same period last year, an Afghan trade official announced on Saturday. ( 12:58:26 - 2012/08/04)

EU Council De-lists Bank Mellat Ex-Chairman to Avoid Court
TEHRAN (FNA)- The Council of the European Union reversed its decision to place sanctions against Dr Ali Divandari, the former chairperson of Bank Mellat (the largest private bank in Iran), after the latter party filed a complaint at international bodies and sued the EU over its illegal action. ( 12:20:21 - 2012/08/04)

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