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Foreign bodies to buy Iranian bank shares

TEHRAN, July 14 (Mehr News Agency) - The Organization for Investment, Economic and Technical Assistance of Iran (OIETAI) Saturday issued the permit for the selling of a bank's stocks to the International Finance Corporation (IFC) and three other financial institutes of Bahrain, Kuwait, and Saudi Arabia.

Talking to MNA, the OIETAI's Foreign Investment Department director general said that the IFC, a World Bank (WB) member, is the main purchaser of Bank Saman's shares.

Maximum 40 percent of the Iranian banks' stocks could be sold to foreign investors, Ahmad Jamali added.

China, Spain to finance Iran's NGL project

TEHRAN, July 14 (Mehr News Agency) - An Iranian Offshore Oil Company (IOOC) official said on Saturday that the Chinese and Spanish companies will finance the natural gas liquids (NGL) project on Kharg Island, southern Iran.

Talking to MNA, the project manager Nader Rahimi added that the project is valued at $1.5 billion.

When the project becomes operational, over 700 million cubic feet of associated gases valued at more than $800 million will be collected per day.

Non-oil exports fetched Iran over $3b in past 3 months

TEHRAN, July 13 (Mehr News Agency) - Iran's non-oil exports in the first three months of Iranian year (started March 21) reached 6.812 million tons valued at $3.072 billion, the Customs Administration reported here on Friday.

The figure showed 8.84 and 8.38 percent decreases in terms of weight and value respectively when compared to the figures of its previous year.

According to the report, of the whole non-oil export-bound products, $12.4 million was related to carry-on-luggage export and $77.4 million was exported via boarder markets.

The United Arab Emirates (UAE), Iraq, China, Japan, and Korea were the main importers of Iranian-made goods.

... Payvand News - 7/14/07 ... --

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