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Steel Pipe Factory Planned In Mahshahr
2004 July 24

A modern factory producing steel pipes for oil and gas transfer will come on-stream in Mahshahr during next two months.

Deputy managing director of Sadid Industrial Group for financial affairs stated that the project will cost about 550 billion rials and 30 million dollars to be supplied through the Forex Reserve Fund.

The factory will manufacture 300,000-500,000 tons steel pipes according to international standards for domestic oil and gas pipelines.

Sadid Industrial Groups started its activities 40 years ago and is among the biggest industrial groups in Iran and the Middle East.

Russian Railroads Prepared To Build Railway In Iran For $177 Million 2004 July 17

Russian Railroads president Gennady Fadeyev offered Iranian Railways president Mohammed Saeed Nejad a design under which an Astara-Kazvin railroad would be built in Iran for a price of $177 million.

Russian engineers have started work on that stretch, he said.

A consortium of Russian, Iranian and Azerbaijani organizations now has to be set up, Fadeyev said.

"We know for sure that the Azerbaijanis are interested in this project," he said.

The project is estimated at nearly $177 million, but the president of Iranian Railways wants the price tag to be reduced.

Iran Ranks 7th In Gas Turbine Technology
2004 July 15

Managing director of Mapna Company announced that Iran ranked the seventh in the world in terms of gas turbine technology and related parts.

Musa Refan added that Mapna's subsidiary factories made gas turbines, their rotors and generators.

The official opined that Iran's turbine manufacturing factories were among the best in the world and gas turbine technology has been indigenized in the country.

"We need to install about 3,000 MW power generation capacities worth about 1.5 billion dollars to meet domestic consumption hike," he said.

The managing director noted that Iran has taken part in tender bids for building power plants in Yemen, Oman, and Qatar.

"Domestic products are of high quality and in some instances we make them under the license of German Siemens Company," he added.

Rls 15,000bn Metals Traded In Tehranís Metals Stock Exchange
2004 July 14

  Different metals worth 15,000 billion rials have been traded on Tehranís Metals Stock Exchange since its opening in September 2003, an official in charge of the organization said on Tuesday.

ďA total of 3,710,000 tons of steel, aluminum, copper and zinc have been traded in Tehranís Metals Stock Exchange during the past nine months,Ē added Information Dissemination Director of Tehranís Stock Exchange, Neímatollah Shahbazi.

Referring to the types of the merchandise and goods, he noted that steel group products weighing more than 3,500,000 tons have been traded in the stock exchange with deals amounting to more than 12,000 billion rials. The figures are indicative how well Iranís first metal exchange has been received by producers, consumers and tradesmen, he asserted.

Shahbazi referred to copper and aluminum respectively as the second and third most traded commodities in Tehranís Metals Stock Exchange.

Exports of Mobarakeh Steel Complex To Rise This Year
2004 July 12

  Exports from Isfahanís Folad-Mobarakeh Complex will mount up to 800,000 tons by the end of the current Iranian calendar year 1383 (March, 20 2004-March 19, 2005).

The complex exports manager said that the Mobarakeh Complex is planning to export 35% of its products during the current Iranian fiscal year.

Davud Khadem added that the export volume is projected to hit one million tons of various products already being manufactured at the complex.

Last Iranian year 1382 (March 20, 2003-March 19, 2004) Mobarakeh Complex exported 503,600 tons of products valued at $158 million, a 45% increase in comparison with the corresponding period in Iranian year 1381.

Khadem also added that in the first two months of the current year the complex has exported 300,000 tons pointing out that the figure is an unprecedented record so far.

Iran-Dutch metal exchange cooperate
2004 July 7

The Dutch Rabbo bank has expressed here Monday interest to cooperate with Tehran Metal Exchange (TME). 

A high-ranking delegation including the banks' experts on marketing and inventory management toured the exchange, reviewed bilateral cooperation with TME and talked to the exchange's chairman of board of directors Mohammad Hossein Didehvar.

Didehvar said that the official of the TME are interested to cooperate with foreign banks with the aim of increasing activity of the exchange.

He said TME has had a good track record since its inception nine month ago.

Rabbo bank's director of marketing Adnan said the bank's expertise includes financing barter trade in steel, copper, aluminium, zinc, lead, gold and silver.
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