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  Economy - 0 News


Iran to Reduce Dependence on Oil Revenues in Next Year's Budget
TEHRAN (FNA)- Iran plans to decrease its reliance on oil revenues in its next year state budget, Iranian Vice-President for Planning and Strategic Supervision Behrouz Moradi said, adding that the country will try to increase its income in the non-oil export sector. ( 16:29:30 - 2012/11/06)



Iran Starts Plan to Build Light Planes
TEHRAN (FNA)- Iranian academic and industrial sectors signed an agreement on Tuesday to design and build a light 6-seater passenger plane. ( 16:27:31 - 2012/11/06)



Iran to Build Dam on Kabul River
TEHRAN (FNA)- Iran and Afghanistan signed a deal for the construction of a dam on Kabul River by an Iranian company. ( 16:01:29 - 2012/11/06)



Former OPEC Governor: World Oil Market Threatened by US Sanctions on Iran
TEHRAN (FNA)- The US sanctions against Iran have endangered the world oil market, Tehran's former Governor to the Organization of Petroleum Exporting Countries Fereidoun Berkeshli said Tuesday, warning that Washington is trying to shift power from "OPEC to non-OPEC" countries by weakening the oil cartel's role. ( 15:16:30 - 2012/11/06)



China Keen to Invest in Iran's Western Province
TEHRAN (FNA)- Beijing's Ambassador to Tehran Yu Hongyang lauded the growing ties between Iran and China, and voiced his country's willingness to invest in different Iranian provinces, specially the Western province of Kermanshah. ( 14:36:37 - 2012/11/06)



Iran Ready for Barter Trade with Pakistan
TEHRAN (FNA)- Iranian Consul General to Pakistan Mohammad Hossein Bani-Assadi said Tehran is ready to start barter trade with Islamabad to facilitate mutual trade exchanges and increase the volume of cooperation between the two Muslim neighboring nations. ( 13:55:44 - 2012/11/06)



Italy's Economy to Shrink by 2.3% This Year
TEHRAN (FNA)- Italy's economy is forecast to shrink by 2.3 per cent this year and by 0.5 per cent in 2013, the statistics office Istat said on Monday, as the country continues to wallow in a recession. ( 12:20:51 - 2012/11/06)



Iran Ups Exports of Steel Products
TEHRAN (FNA)- Exports of Iran's steel products increased by $57mln during the first seven months of the current Iranian year (March 20 - October 21, 2012). ( 18:25:52 - 2012/11/05)



Oil Minister: Further Sanctions on Iran May Result in Skyrocketing Crude Prices
TEHRAN (FNA)- Iranian Oil Minister Rostam Qassemi warned the western countries that in case they toughen their sanctions against Tehran, the latter would cut its crude exports to the world markets, which would lead to a hike in global prices unbearable for most world nations. ( 17:13:58 - 2012/11/05)



ECOSAI Experts to Meet in Tehran
TEHRAN (FNA)- Tehran is due to host an experts meeting of the Economic Cooperation Organization's Supreme Audit Institutions (ECOSAI) on Tuesday. ( 13:07:02 - 2012/11/05)



Minister: Rising Oil Exports Indicating Failure of Sanctions
TEHRAN (FNA)- Oil exports have bounced back and that is why we are saying the country has left behind the sanctions successfully, Iranian Oil Minister Rostam Qassemi said. ( 14:32:30 - 2012/11/04)



Oil Industry Implementing Economy of Resistance
TEHRAN (FNA)- The Oil industry is well prepared to enforce economy of resistance and has taken great steps forward in areas like privatization, job creation, reforming the paradigm of consumption and supporting national production, a deputy oil minister said. ( 14:30:55 - 2012/11/04)



Second Drilling Contract of Azar Oil Field Signed
TEHRAN (FNA)- Persia Oil and Gas Company (POGC) and Oil Industries Engineering and Construction Company (OIEC) signed Azar oil field's second drilling contract, an official said. ( 14:29:58 - 2012/11/04)



Iran Sells 800 Thousand Tons of Fuel Oil to Vessels in 6 Months
TEHRAN (FNA)- The National Iranian Oil Products Distribution Company (NIOPDC) sold more than 800 thousand tons of fuel oil and 50 thousand tons of gasoil to vessels navigating in the Persian Gulf waters during the first half of the current Iranian year (March 20-September 21). ( 14:28:40 - 2012/11/04)



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