Iran News ...


4/3/07

Economic News: U.S., main importer of Persian carpets

TEHRAN - Iran exported more than 100 million dollars of Persian carpets to the United States during the past Iranian year (ended March 20, 2007), the director of the National Carpet Center of Iran said.

Morteza Faraji added this accounted for 60 percent of Iran's carpet exports in the said period. The Arab states of the Persian Gulf region are also among the main importers of Persian carpets. "We have planned to hold a number of solo exhibitions of Iranian carpets in these countries this year," the NCCI director told ISNA on Monday.

Western Turkmenistan gas mostly destined for Iran

TEHRAN - Most of gas collected from the western fields of Turkmenistan is exported to Iran, a Turkmen news agency reported on Monday.

Companies from the UK, Denmark and Malaysia carry out gas extraction operations in three offshore oil and gas fields at the Turkmen part of the Caspian Sea. These operations also include oil and gas exploration and drilling, IRNA quoted the news agency as reporting. Turkmenistan's energy officials have predicted the Central Asian state's gas and crude oil production will hit 80 billion cubic meters and 10 million tons respectively by the end of 2007. The country's gas export is also projected to increase by 25% to over 58 billion cubic meters, the report added.

MPs to discuss ECOTA accession

TEHRAN - Majlis (Iran's parliament) is to discuss the accession to the ECO Trade Agreement of Iran during its first sessions in the new Iranian year (started March 21).

According to IRNA, ECOTA was signed by all members of the Economic Cooperation Organization, namely Iran, Turkey, Afghanistan, Azerbaijan, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan and Uzbekistan, two years ago. Then, the Commerce Ministry held talks with members of the parliament in order to convince them to ratify the agreement that is said to be key to develop trade and investment exchanges between the contracting parties.

Samand factory in China to open next year

TEHRAN - The Iranian carmaker Iran Khodro is to start production of its main brand, Samand, in China as of next year, the online website of the Persian daily Hamshahri reported.

The IKCO's Samand production line in China is estimated to have an annual output of 30,000 cars. The number, the report added, is projected to increase to 120,000 upon completion of development plans. IKCO has agreed to provide thirty percent of the required investment for the 60-million-dollar project. The rest will be funded by the Chinese private sector. The construction of the factory started last August in the eastern Chinese province of Shandong.

... Payvand News - 4/3/07 ... --



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