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Tehran - 13:22 / GMT - 08:52

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  Economy - 3 News


Central Bank: Spanish Economy Shrinks 0.5% in Q1
TEHRAN (FNA)- Spain's struggling economy logged a 0.5 percent contraction in the first quarter of 2013 due to falling internal demand, the central bank said on Tuesday. ( 15:33:54 - 2013/04/23)



Iran's Economy Minister Criticizes WB for Politicized Approach
TEHRAN (FNA)- Iranian Economy Minister Seyed Shamseddin Hosseini censured the World Bank for its biased and politicized approach towards the member states, including Iran. ( 13:51:34 - 2013/04/23)



Minister: Iran Fully Ready to Export Petrochemical Knowhow, Services
TEHRAN (FNA)- Iranian Oil Minister Rostam Qassemi announced the country's full preparedness to export the technical know-how and services of its petrochemical industry. ( 12:54:58 - 2013/04/23)



Iran Opens Phase 1 of Gatvand Hydro-Electric Plant, Unveils Home-Made Turbine
TEHRAN (FNA)- Iran on Monday inaugurated the first phase of the power plant of Gatvand Dam and displayed its first home-made hydro-electric turbine. ( 18:21:10 - 2013/04/22)



Minister: Iran's Economic Stability Guaranteed by $100bln Forex Reserves
TEHRAN (FNA)- Iranian Economy Minister Seyed Shamseddin Hosseini underlined that despite the US-led western sanctions, Iran's considerably high foreign exchange reserves display and also guarantee its economic stability. ( 17:33:25 - 2013/04/22)



Iran Plans to Change All Gas Power Plants to Combined Cycle Plants
TEHRAN (FNA)- Iranian Energy Minister Majid Namjou said his ministry plans to change all the country's gas power plants to combined cycle power plants. ( 17:32:30 - 2013/04/22)



South Korea's Crude Import from Iran Surpasses 4mln Barrels in March
TEHRAN (FNA)- South Korea's imports of oil from Iran exceeded 4 million barrels last month, media reports said. ( 17:32:27 - 2013/04/22)



Senior Official Downplays Effects of Western Embargos
TEHRAN (FNA)- A senior Iranian trade official played down the effects of the western sanctions against Tehran, and said the Iranian nation has managed to turn the embargos into opportunities in a bid to make further progress. ( 13:05:46 - 2013/04/22)



Ahmadinejad Opens New Natural Gas Fractionation Unit in Southwestern Iran
TEHRAN (FNA)- The 3rd natural gas fractionation unit (NF3) was inaugurated in Bandar Imam Petrochemical Complex (BIPC) in Iran's Southwestern city of Mahshahr. ( 12:27:49 - 2013/04/22)



Senior Official Downplays Effects of Western Embargos
TEHRAN (FNA)- A senior Iranian official on Sunday played down the effects of the western sanctions against Tehran, and said the Iranian nation has managed to turn the embargos into opportunities for further progress. ( 17:18:20 - 2013/04/21)



Iranian Airline Expanding Passenger Fleet
TEHRAN (FNA)- Iran announced on Sunday that its national carrier, IranAir (Homa), added six new passenger planes to its fleet in the last Iranian year (March 21, 2012 - March 20, 2013). ( 16:52:13 - 2013/04/21)



Iran Ready to Insure Tankers
TEHRAN (FNA)- President of Iran's Bimeh Markazi (Central Insurance) Company said Tehran is ready to insure oil tankers carrying Iranian crude. ( 12:00:57 - 2013/04/21)



South Pars Output to Rise 50 mcm
TEHRAN (FNA)- Managing-Director of Pars Oil and Gas Company (POGC) Mohammad-Reza Zahiri said his company will see its gas production rise by 50 mcm in the current Iranian year (March 2013-March 2014). ( 11:16:50 - 2013/04/21)



NISOC Signs Technical Agreement with Domestic Manufacturers
TEHRAN (FNA)- The National Iranian South Oil Company (NISOC) signed two agreements with domestic manufacturers for the procurement of chemical materials and drilling bits. ( 11:16:28 - 2013/04/21)



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