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Iran Increasing Oil Production
TEHRAN (FNA)- Iran is boosting its oil output by launching production operations in new oil fields and recovering production in other fields, officials said, adding that the ministry will, for instance, produce 15 thousand barrels of oil in Soumar in the near future. ( 13:36:51 - 2012/08/18)

MP Urges Gov't to Use NAM Chance to Confront Anti-Iran Sanctions
TEHRAN (FNA)- A senior Iranian parliamentarian said that the country's government should intensify diplomatic consultations during the 16th heads-of-state summit of the Non-Aligned Movement (NAM) in Tehran to defuse western sanctions against Iran. ( 15:19:24 - 2012/08/17)

More Insurance Companies Join Iranian Consortium to Insure Oil Shipping
TEHRAN (FNA)- Managing-Director of Iran's Razi Insurance Company Younes Mazloumi voiced his company's readiness to provide insurance cover for the oil tankers which carry Iranian oil. ( 14:17:15 - 2012/08/15)

Minister: Iran's Reliance on Oil Income Declining
TEHRAN (FNA)- Iranian Minister of Industry, Mines and Trade Mehdi Qazanfari hailed the country's decreasing reliance on oil revenues, saying that Iran is now paying for a major part of its imports by using non-oil sources of revenue. ( 15:53:29 - 2012/08/14)

Senior MP: West Unable to Find Long-Time Alternative for Iranian Oil
TEHRAN (FNA)- A senior Iranian legislator described the western states' oil sanctions against Iran as an "unwise and unstudied" measure, and said the West will not be able to replace Iranian oil for long. ( 13:54:10 - 2012/08/14)

India to Boost Oil Imports from Iran
TEHRAN (FNA)- India is due to receive the first state-insured oil cargo from Iran in weeks after New Delhi joined Tokyo in offering government-backed insurance for ships carrying Iranian crude in order to bypass European sanctions against Iranian supplies. ( 13:53:11 - 2012/08/14)

Iran Announces Implementation of Offshore Project in India despite Sanctions
TEHRAN (FNA)- Acting Deputy Head of the Iranian Offshore Engineering and Construction Company Amir Saeed Najafi Haqqi announced that the IOEC has managed to complete a major offshore project in India despite the western sanctions against Tehran. ( 14:37:35 - 2012/08/13)

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)

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