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  Economy - 3 News

Iran's Crude Exports to Turkey Rise despite Sanctions
TEHRAN (FNA)- Iran's oil exports to Turkey rose up to 140,000 barrels per day (bpd) in April, showing failure of the US-led western sanctions against the country's energy sector. ( 12:20:30 - 2013/05/04)

South Pars to Produce Oil
TEHRAN (FNA)- Managing-Director of the National Iranian Oil Company (NIOC) Ahmad Qalebani said production from the oil layer of the giant South Pars gas field will begin soon. ( 12:19:50 - 2013/05/04)

Iran Grows Self-Sufficient in Petchem Catalysts Production Due to Sanctions
TEHRAN (FNA)- The secretary-general of the Union of Petrochemical Industries Entrepreneurship said Iran has become self-sufficient in the production of petrochemical catalysts due to the western sanctions. ( 12:18:19 - 2013/05/04)

Petchems Can Help Iran Circumvent Sanctions
TEHRAN (FNA)- A researcher in energy economics said Iran would manage to get around international sanctions against its energy sector by developing its downstream petrochemical industries. ( 12:16:43 - 2013/05/04)

Youngest Expert to Serve Iran Oil Industry
TEHRAN (FNA)- Iran's youngest petroleum engineer Hadiseh Baghouei said she is motivated to serve Iran's oil industry in the face of international sanctions. ( 12:14:54 - 2013/05/04)

Iranian Companies Sign Platform Deal
TEHRAN (FNA)- Two Iranian companies signed an agreement for the construction of floating vessels in the Caspian Sea. ( 11:37:16 - 2013/05/04)

Sanctions Fail To Undermine Fuel Supply
TEHRAN (FNA)- Head of the National Iranian Oil Products Distribution Company (NIOPDC) said sanctions did not have any adverse impact on the process of fuel supply in the country. ( 11:34:08 - 2013/05/04)

Iranian Insurance Company Ready to Insure Tankers
TEHRAN (FNA)- Head of Iran's Bimeh Markazi (Central Insurance) organization said the country is ready to insure oil tankers against Western sanctions. ( 11:23:44 - 2013/05/04)

South Pars Output to Rise 50 mcm
TEHRAN (FNA)- Managing-Director of the 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 (ending March 2014). ( 11:04:02 - 2013/05/04)

South Oil Company 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 a chemical material as well as drilling bits. ( 10:52:57 - 2013/05/04)

Envoy: Iran, Lebanon Keen to Enhance Trade Relations
TEHRAN (FNA)- Iran and Lebanon enjoy very good political relations and are keen to promote their trade and economic ties to the same level, Iranian Ambassador to Beirut Qazanfar Roknabadi said. ( 16:22:34 - 2013/05/03)

Report: Indian FM to Discuss IP Gas Pipeline in Tehran
TEHRAN (FNA)- Indian External Affairs Minister Salman Khurshid is slated to discuss extension of a gas pipeline project which is due to take Iran's rich gas reserves to Pakistan and then to India, during his upcoming visit to Tehran, media reports said. ( 16:11:19 - 2013/05/03)

EU Forecasts Worse Eurozone Recession in 2013 than Expected
TEHRAN (FNA)- The 17-member Eurozone will witness a worse recession in 2013 than expected, the European Commission said Friday. ( 16:04:08 - 2013/05/03)

Senior Turkish Politician: Washington Trying to Ruin Tehran-Ankara Ties
TEHRAN (FNA)- Washington opposes expansion of the relations between Tehran and Ankara, but Turkey is willing to deepen its mutual cooperation with Iran, a senior Turkish politician said. ( 15:51:47 - 2013/05/03)

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