Iran not yet able to cut gasoline imports: MP

02/05/2013

Iranian MP Mehdi Mousavinejad has said that cutting gasoline imports in the current time is not feasible, because domestic production does not meet demands, the YJC news website reported.

Iran’s annual seafood exports to hit $300m: official

02/05/2013

Iran will export as much as $300 million worth of fishery products by the end of the current Iranian calendar year (March 20), IRNA quoted State Fishery Organization head Gholamreza Razeqi as saying.

China's Geely buys maker of London black cabs

02/04/2013

Chinese auto giant Geely bought financially troubled Manganese Bronze Holdings (MBH), manufacturer of the iconic London Black Taxi. The cost of the deal is 11.04 million British pounds ($ 17.44 million).

Iran will be regular gasoline exporter next year, Qasemi says

02/04/2013

Iran plans to become a regular gasoline exporting nation within months, despite sanctions against the country, Iranian Oil Minister Rostam Qasemi said.

Iran oil industry unfazed by sanctions: Minister

02/02/2013

Iran Oil Minister Rostam Qasemi says the country is not concerned about the impact of Western sanctions on the development of its oil industry.

Russia temporarily bans US meat imports

02/02/2013

Russia has imposed a temporary ban on US meat starting in February. The restrictions were enacted after the US Veterinary Service failed to meet regulations for levels of ractopamine, which stimulates muscle tissue growth.

Global manufacturing is on the rise in January, but optimism muted

02/02/2013

Manufactures in key world economies including Russia have enjoyed an improved start of the year, says an HSBC report. However, market experts remain restrained about the results, seeking further evidence a turnaround is here.

Iran to become exporter of jet fuel

02/02/2013

President Mahmoud Ahmadinejad has inaugurated a new phase of a gasoline production facility, enabling the country to join the world’s jet fuel exporters.