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Old November 9th, 2005, 07:13 PM   #41
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Cool, Thanx for posting!
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Old November 9th, 2005, 09:17 PM   #42
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cool, cheers for tha info
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Old November 9th, 2005, 09:20 PM   #43
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www.tehrantimes.com you can find all business news on that site.
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Old November 10th, 2005, 06:12 PM   #44
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Iranian steel industry to expand
Posted: 02-11-2005 , 14:46 GMT
Implementation of three governmental steel projects in Iran will boost the Islamic Republic’s production capacity by 1 million ton by year end (March 20, 2006).


According to MNA, the second phase of the expansion plan at Mobarakeh Steel Co., renewal and renovation of National Iranian Steel Industrial Group’s rolling mill and Danieli’s supplementary project at Khuzestan Steel are three governmental projects to come on stream by the end of this year.



Mobarakeh Steel Company’s current capacity stands at 3.8 million tons and after the completion of development plan, its steel production would reach 4.2 million tons.



The Khuzestan Steel mill will increase its production capacity from the current 2.15 million tons to 2.4 million tons annually.
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Old November 10th, 2005, 06:20 PM   #45
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Keep em commin...
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Old November 18th, 2005, 09:53 PM   #46
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Acer: Strong growth expected in Iran’s display market
Posted: 17-11-2005 , 12:40 GMT
Acer, one of the world’s top branded electronics vendors, is predicting significant growth in Iran’s display market, and is targeting a 25 percent share of the market by the second half of 2006.



The Iran display sector is growing at almost 20 percent per annum, and Acer’s forecasted share would take them to No.2 in what is an extremely competitive market.



Speaking at a press conference in Tehran yesterday, Krishna Murthy, Acer’s General Manager for the Middle East, commented: “Recent research into Iran’s retail sector has confirmed Acer’s feeling, that Iranians are hungry for the latest LCD displays and digital cameras.”



“Consumers in Iran are very knowledgeable about technology, and are increasingly demanding more from their rials,” continued Murthy. “As a brand that is trusted and known for putting value first, Acer expects strong demand for its display products from the Iranian retail customer.”



Confirmation of Acer’s commitment to Iran comes in the shape of a fresh channel strategy, also announced at yesterday’s press conference. New agreements with Pars Rayaneh Jahan and Protocol-Kish, two of the country’s leading distributors, will focus solely on the Acer display portfolio, which includes LCD televisions, LCD monitors and digital cameras.



“Ramping up our channel initiatives in Iran will provide the impetus for Acer to build new retail relationships with Iran’s technology-hungry public,” commented Said Keighobad, Acer’s Iran country manager. “The agreements with Pars Rayaneh Jahan and Protocol-Kish will open up new retail opportunities and enable Acer to deliver the latest display products at the best prices.”



Acer launched the company’s first LCD TVs in the Middle East earlier this year – the sleek and high-functioning 26-inch, 32-inch and 37-inch models are prime evidence of how entertainment devices can be seamlessly linked as part of what Acer calls the “digital home.”



Alongside the LCD TVs are Acer’s popular LCD monitors, which satisfy the ever-increasing needs of the home user through innovative design and superior performance.
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Old November 18th, 2005, 10:21 PM   #47
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iran needs to continue on the path of privatisation. its really needs to start with the banks and the car industry so they can learn to be independent and strong when they go out into the global market.
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Old November 25th, 2005, 08:49 PM   #48
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First Iranian-made oceangoing vessel to be launched soon

Tehran Times Economic Desk
TEHRAN – First domestically-made oceangoing vessel will be launched within the next month. The ship is being built in Iran Shipbuilding and Offshore Industries Complex (ISOICO) yard.

In addition to building the ship, ISOICO is currently working on a project to build four other vessels, the Persian service of Iranian Students News Agency (ISNA) reported on Wednesday.

Also, the shipbuilding complex has managed to repair a total of 11 vessels during the past two months; seven of the vessels were Iranian and four of them belonged to foreign companies.

Moreover, ISOICO has on its agenda to build six 2,000-ton barges as well as two landing crafts. The project is already 60 percent complete.

Furthermore, in a $510m contract signed with the domestic shipbuilding complex, the Islamic Republic of Iran’s Shipping Line (IRISL) has ordered the manufacture of 16 vessels for its fleet, the report further said.
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Old November 25th, 2005, 08:51 PM   #49
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Iran to develop oilfield in Venezuela soon

Tehran Times Economic Desk
TEHRAN — Golam-Reza Manuchehri, the managing director of Petropars Company told the Mehr News Agency that Iran will soon launch the construction operations of developing an oilfield in Venezuela.

He explained that three experts of the company will be dispatched next week to Venezuela to hold negotiations and finalize the contract on developing an oilfield in the Gulf of Venezuela.

The construction operation of the said oil project would be launched as soon as the contract is finalized, he added.

“This is the first oil project of Iran that is implemented 0abroad”, he noted.

Manuchehri explained that the project values at $2 billion, whose capital is equally supplied by Iran and the client country.

He further explained that at the first stage, the studies are conducted in order to determine the existence of oil in the field. This is carried out by the Iranian and foreign consultants.

According to the news agency, the state-owned Petróleos de Vene-zuela (PDVSA) — state-owned Venezuelan oil company — and Iranian Petropars Company have previously signed a pre-contract on development project in three regions of the Gulf of Venezuela, Mariscal offshore gas field, and an oilfield with 4 blocs early this Iranian year (started March 21, 2005). The pre-contract was to be finalized three months later.

Among the three projects, Petropars voiced its willingness to implement the project of Gulf of Venezuela.
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Old November 25th, 2005, 08:52 PM   #50
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Nice job Nainawaaz ( i was wondering are you a girl??)
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Old November 25th, 2005, 08:57 PM   #51
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great news from iran!!!!!!!!!!!! thanks a lot for them
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Old November 25th, 2005, 08:59 PM   #52
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No problem.....No shayan ..no girl here.....I like girls though lol
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Old November 25th, 2005, 09:14 PM   #53
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hahahaha ok LOL
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Old November 25th, 2005, 09:47 PM   #54
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Iran to establish joint oil brokerage with leading stock markets worldwide

Tehran Times Economic Desk
TEHRAN – Iran is to form joint oil brokerages at reputable international stock exchanges like London, New York and Singapore. The plan is to allow the country to have a role in oil price determination which is more or less a monopoly of the West, commissioner of the plan Mohammad Javad Asemipur said on Friday.

“As projected, all oil products may enter into the international stock markets within three years by employing a comprehensive plan coordinated and assisted with the help of related governmental organs,” he stated, adding that a law approved by the Majlis could treat oil shares like other stock commodities such as metal and so on in the market as regulated by Tehran Stock Exchange.

“OPEC countries, by producing 28 million bpd out of 83 million bpd offered to the world market, unfortunately have no saying in global price management of oil and implementation of brokerages would expand economic horizons for all oil producing nations,” he elaborated.

It is anticipated that such a move would play a great role in attracting Iranian merchant capital globally, offering the country more share of direct revenues in this business which is in the monopoly of foreign brokerages.
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Old November 25th, 2005, 09:48 PM   #55
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Europeans, Iranians mull natural gas line


TEHRAN (UPI) -- A multinational group of investors has launched a feasibility study of a proposed 1,980-mile natural gas pipeline from Iran to Europe.

OMV, Austria's leading energy group, Hungary's MOL, Romania's Transgaz, Turkey's Botas and Bulgaria's Bulgargaz are evaluating prospects of what is estimated to be a $5.38 billion venture, Middle East Newsline reported.

The proposed Nabucco pipeline would go from Iran's part of the Caspian Sea to points west and north.

A decision is expected in two years.
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Old December 4th, 2005, 08:31 PM   #56
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Sharing Oil Money


Almost $23 billion worth of state's forex earnings would be burned up in the form of fuel exhaust.

Oil products in Iran are offered at prices lower than their actual cost. The same factor is often responsible for an unbridled growth in consumption, resulting in huge wastage of national resources.
Had the oil wealth been used wisely, Iran would have possessed one of the most progressive economies in world, says Persian daily Sharq.
The fact that oil wealth belongs to all generations puts a heavy burden on the establishment to disburse it judiciously, so as to allow it to be used as a source of wealth and prosperity by generations to come, as has been the case in many countries possessing vast oil resources.
If the income earned from oil sales is utilized for funding infrastructural development projects rather than meeting the state’s current expenses, it can be said that the government has managed to use the resources to ensure the wellbeing of not only today’s generation but of the future generations as well.
Recently, parliament approved payment of 27,000 billion rials or equal to nearly $3 billion from the Foreign Exchange Reserve Fund in the form of subsidies for gasoline imports. This will be supplied to petrol stations at a cheap rate for the remainder of the year. The amount adds up to another $3 billion in subsidy funds, already standing at a staggering $20 billion.
In other words, almost $23 billion worth of state’s forex earnings would be burned up in the form of fuel exhaust. This is while the annual fiscal budget stands at nearly $12 billion, should government’s budget predictions materialize.
One of the immediate consequences of promoting fuel consumption optimization would be reduction in air pollution and related environmental and health hazards. It would also lead to employment generation and boost the per capital income.
The amount of money saved as a result of eliminating and cutting down subsidies, would within a period of three years be sufficient for constructing a 6-lane highway of 15,000 km length and create hundreds of jobs. This would be one proper way to share oil money with the people.
Iran’s intra and inter-city roads are among the most dangerous in the world, costing the country dearly in terms of human life and money.
Why then is the government still hesitant to reduce subsidies?
The answer could perhaps be over fears of raising public ire, particularly of the low-income strata, who deem subsidies help relieve some portion of their economic burdens.


No government would want to rule over an agitated public, particularly in a country rich in oil resources, as it could contribute to major political upheavals.
The government, therefore, has every right to have these concerns. But in the meantime it has to keep in mind that the subsidy regime in this country is proving a big drain on the economy.
Further any move to reduce or eliminate subsidies in the energy sector would prove inflationary, thus putting further pressure on the vulnerable strata.
One of the direct and immediate outcomes of such a policy would be a rise in transport costs, but most experts contend it would be trivial. The officialdom is also weary of the psychological effects on the people, and the fact that it might lead to a sharp increase in the prices of public commodities and services; a factor the government could overcome by raising public awareness.
Analysts have repeatedly expressed concern about the government’s inability to offset the possible inflationary consequences of the policy, which again experts say can be overcome by conducting an exact evaluation of the public demand under the new conditions and rendering adequate supply.
For example, should the price of gasoline go up to 5,000 rials per liter, the transport fare for a 10 km travel could rise from 2,000 to 5,000 rials.
The 3,000-rial increase in three stages of 600, 800 and 1,600 rials can be attributed to three reasons.
The first would be the result of a rise in fuel prices, the second induced by public concerns over rising prices, which as mentioned the government can check, and the third by supply and demand irregularities, because once the price of gasoline goes up, an increasing number of people would rather use public transport, mainly cabs, for their daily travel.
In fact, as long as the transport fleet does not expand and improve both qualitatively and quantitatively, any attempt to do away with or reduce subsidies in the energy sector would prove a grave mistake, both from social and economic points of view.

No Justification
Sale of subsidized commodities such as oil derivatives at unreasonably low prices could cause an unchecked rise in consumption and smuggling.
By rationalizing the rates and promoting consumption optimization methods, the government can put an end to excessive exhaustion and rampant smuggling. The inflationary pressures can be alleviated by rendering financial assistance to members of the low-income class.
The Iranian economy has suffered enough from the energy subsidy regime and so the sooner the government moves to correct this system, the better for all the people.
For years, billions of dollars worth of state forex income injected into the economy without justification, brought the production and services sectors to an almost standstill, finally compelling the government to embrace the unified foreign exchange rate. Had the same decision been made 15 years earlier, the economy would not have suffered like it is today.
The same holds true for the subsidy regime.
Based on the recent statistics by Management and Planning Organization, at least $16.5 billion was expended on various subsidized commodities and services during 2003 ($13 billion just on fuel). This is while the total development budget in the same year was less than $10 billion.

As long as the transport fleet does not expand and improve both qualitatively and quantitatively, any attempt to do away with or reduce subsidies in the energy sector would prove a grave mistake.

Consensus
There seems to be a consensus among the officials for rationalizing fuel prices as well as other subsidized commodities, which would mean raising their prices to international levels.
The main source of dispute seems to be how to prevent its adverse consequences from affecting the people, especially the poor.
Indeed, eliminating or reducing subsidies, especially those on fuel would be one of the most risky decisions of the government, with the possibility of staunch opposition from political and social groups.
In order to succeed, the plan should attract majority support and participation.
In the absence of structural reforms in management of production and distribution networks of oil derivates, and preparatory measures such as expansion and renovation of public transport, a rise in prices would only put further financial burden on consumers and lead to social agitation.
Therefore, before any such plan goes into effect, the government should have in place all the necessary preparatory and precautionary measures that would again include expansion of the public transport, elimination of petrol-guzzling vehicles, production of gas-fueled cars, and last but not the least increasing the people’s purchasing power.
To this effect, privatizing the economy, judicious use of oil wealth, stimulating healthy competitiveness within the transport system, employment of modern technology, rationalizing prices of oil by-products (in other words raising the prices to the international level), combating smuggling, protecting the vulnerable strata against adverse impacts of price adjustments, encouraging the public to invest more in expansion of the public transport sector, down-stream oil sector, construction of refineries, oil derivatives transfer and distribution networks, reducing traffic specially in major cities, expansion of inter and intra-city highways as well as national projects, should be among key objectives of the government.
In order to derive the best results, the government should embark on effective campaigning strategies to create public awareness, expedite plans for production of low fuel consuming vehicles, carry out frequent engine adjustment plans, oblige all state companies to comply with the price correction policy, cede refinery shares to the public and distribute the money saved from eliminating subsidies among the people on an equal basis.
Let’s remember that there are several countries throughout the world, which do not have a fraction of Iran’s national wealth, but their decision-making, managerial skills and policies are more rational and logical when it comes to energy conservation and consumption.
Subsidies should be set aside for those who need them most. The mechanism of energy subsidies must be reformed and revised thoroughly, because as it stands now, it is wholly ineffective, unproductive and inefficient. The government should gradually prepare the people to accept hikes in fuel rates and efficient energy consumption.
If a suitable and pragmatic policy in this regard is not devised, adopted and implemented soon, within the coming decade Iran will no longer be able to export oil byproducts and will be forced to use them only for domestic consumption. Perhaps, the country might even be compelled to import fuel.
Officials and experts unanimously agree that the country’s strategy should be to gradually eliminate subsidies, promote efficient energy consumption, standardize energy production methods and encourage the people to use public transport by developing the system.
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Old December 5th, 2005, 05:34 PM   #57
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I've read in a Turkish newspaper that Iran's Khodro is planning to enter the Turkish auto market with their Semand model. Company manager said that they've designed Semand model for Turkish market (actually afaik from this forum this is not true). They'll start to sell Semand in Turkey in 2006.
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Old December 5th, 2005, 05:48 PM   #58
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Good news iran is making a lot of cars for the middle eastern, north afrikan, south asian market. And its trying succesfully to get in eastern europe and former sovjet states (turkmenistan,Armenie etc.)
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Old December 5th, 2005, 08:25 PM   #59
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Mercedes,Pegeut,Renault,KIA,Iran Khodro(iranian),Saipa(iranian) and Volkwagen,Bmw are coming to. Iran produces around the 1000000 cars each year that makes iran the biggest car producer in the region (together with Turkey)
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Old December 5th, 2005, 08:38 PM   #60
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^impressive!!!
Especially that Yoy have two Iranian companies!!!
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