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Iran seeking help to set up LNG transport company

TEHRAN, July 21 (Mehr News Agency) - The managing director of the National Iranian Tanker Company (NITC) said here on Saturday that a new company in collaboration with foreign companies will be established for transporting the liquefied natural gas (LNG).

Talking to MNA, Mohammad Suri added that the talks with France's Total, Malaysian Petronas, and some Chinese companies are underway.

Three projects of Pars LNG, Iran LNG, and Persian LNG are the current projects of Assaluyeh region in southern Iran, he announced, adding 81 LNG carriers will be needed for the projects by 2013.

The carriers have the capacity of shipping 81 million tons of LNG every year, Suri said, adding the NITC's capacity will increase to 11.304 million tons by the end of Fourth Five-Year Socioeconomic Development Plan (2005-2010).

Iran allocates $9b for exports in 2007

TEHRAN, July 21 (Mehr News Agency) - A Trade Promotion Organization of Iran (TPOI) official said here on Saturday that a $9 billion budget from Oil Stabilization Fund (OSF) will be allotted to exports in the current Iranian year (started March 21).

Talking to MNA, Mohammad-Amin Charosseh added that investment in foreign countries and exporting goods, engineering, and technical services reserve the right to use the budget.

The exports of agro and processing industries' products and the small-sized industries have the priority to receive the facilities, he announced.

Some $3 billion was allotted to the Bank of Industry and Mine, Bank Keshavarzi, and Export Development Bank of Iran (EDBI) for export and investment activities, Charosseh added.

Iran president issues order for railroads expansion

TEHRAN, July 21 (Mehr News Agency) - Iran's President Mahmud Ahmadinejad issued an order for developing the railways, said the road and transportation minister here on Saturday.

Mohammad Rahmati added, "Following the president's order, the government plans to spend the sum saved by gasoline rationing for the development plan."

He expressed hope railways and subways will be developed in a way that no one faces any problem in the transportation sector.

... Payvand News - 7/22/07 ... --

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