TEHRAN (FNA)- Iran expects to finalize by March next year a $7 billion deal with a European firm on developing the offshore Lavan natural gas field in the Persian Gulf, an Iranian official said in comments published on Monday.

TEHRAN (FNA)- Former Iranian President Seyed Mohammed Khatami announced on Monday the creation of a new satellite TV network.

TEHRAN (FNA)- The Iranian government has drawn up plans to abolish costly subsidies on fuel and water prices but will compensate people with cash payments.