Pakistan legislator emphasizes necessity for I-P pipeline rapid construction

Economy - A senior Pakistani legislator has emphasized the necessity for the rapid construction of Iran-Pakistan gas pipeline project which is expected to carry Iran's gas to the South Asian nation.

Economy - Iran exported 66 percent more crude oil in May than in April, with China increasing its purchases from the Islamic Republic, the International Energy Agency (IEA) says.
Economy - Iran's oil minister says the Organization of Petroleum Exporting Countries (OPEC) has agreed to maintain the current production ceiling of 30 million barrels per day (bpd).
Economy - Iranian Oil Minister Rostam Qasemi says the illegal US-engineered sanctions have not impacted the Islamic Republic’s crude oil production
Economy - The managing director of Iranian Oil Terminals Company (IOTC) says the country will roughly triple its gas condensate exports in less than two years.
Economy - Iranian Ambassador to Kabul Abolfazl Zohrehvand underlined Tehran's enthusiasm for the further expansion of relations with Afghanistan, specially in economic and cultural fields.
Economy - Managing director of National Iranian Oil Pipeline and Telecommunication Company says the country has boosted its crude refining capacity to over 1.8 million barrels per day.
Economy - Jordan and Iraq signed an agreement to build a double pipeline with investment of $18bln which will supply Jordan with oil and export Iraqi oil through Aqaba port, said a source from the Iraqi oil ministry.
Economy - Iran plans to boost its annual steel output capacity to 42 million tons in the near future, a senior industry official announced.
Economy - The Persian Gulf Holding exported 4.9 billion dollars of petrochemical products in the first 11 months of the last Iranian calendar year (ended on 20 March 2013), the company's chief said.
Economy - Iranian Oil Minister Rostam Qassemi said the South Pars oil and gas field projects are going ahead according to the time table, and stressed that three more phases of the development plan of the field will come on stream soon.
Economy - Iran and Turkey have resumed their trade of gold for natural gas and made a USD-120-million deal in February, circumventing tough US sanctions against Tehran over its nuclear energy program.
Economy - Head of Iran’s Oil Products Exporters Union says the Islamic Republic is planning to build its first small oil refinery in the northeastern province of Golestan.
Economy - Iran plans to provide all its large passenger planes and oil tankers with their needed insurance services, a senior Iranian insurance officials announced on Sunday.
Economy - Iran has earned nearly USD 13 billion from exporting petrochemical and polymer products from the giant offshore South Pars Gas Field to mainly European and Asian countries since March 2012, says one report.
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