Business
March 29-April 2, 1999 / Farvardin 9-13, 1378
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Today
* 284,000 apply for cellular phones
Previous
* Iran to give foreign firms legal status
* Iran to increase export of petrochemicals
to china
* BP, ARCO part of oil's rich history
* Long haul ahead for Iran's oil opening
* Oil market revives as OPEC cracks whip
* Non-oil exports fall 2 percent to $3 billion in year
* Iran's petrochemical industry
* BP Amoco shortens field in oil race
* Niki confident US will approve ag sales to Iran
* U.S. decision on farm sales to Iran may be near
* Wheat, soybeans rise
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$ Rate
Updated March 31, 1999
* To send money to Iran, the rate is 790-810 tomans per
dollar, depending on how much you wish to send.
* To send money out of Iran, the rate is 817 tomans per
dollar.
Source: Sehaty Foreign Exchange. Preferntial rates for readers of The
Iranian Times. Call in U.S.: 602-595-0777 OR 500-288-8881,
Fax: 602-595-0222. Address: PO Box 3230, Carefree, AZ 85377,
USA. Mention this code: BAJ 07
Friday,
April 2, 1999
* 284,000 apply for cellular phones
Kish, Hormuzgan, April 2, IRNA -- 284,000 people in 320 cities applied
for cellular telephones in the iranian month of 'bahman' (january 21-february
19), director of mobile communications affairs department at iran's telecommunications
company mohsen khansari told irna here on friday ... FULL
TEXT
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Thursday
April 1, 1999
* Iran to give foreign firms legal status for first time in 20 years
TEHRAN, April 1 (AFP) - Iran has made another step towards opening up
its economy with a bill giving foreign firms legal status for the first
time since the 1979 Islamic revolution, the state news agency IRNA reported
Thursday. The bill to allow registration of foreign companies was approved
at a cabinet meeting Wednesday chaired by President Mohammad Khatami, IRNA
said ... FULL
TEXT
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* Iran to increase export of petrochemical products to china
Beijing, April 1, IRNA -- the visiting managing director of iran's petrochemical
company and deputy oil minister mohammad-reza nematzadeh said that iran
can expand export of petrochemical products to china in view of the country's
dire need for the goods ... FULL
TEXT
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* BP, ARCO part of oil's rich history
LONDON (Reuters) - BP Amoco Plc's merger with Atlantic Richfield Co.
creates a $190 billion oil giant that fuses companies with roots in both
Persia and John D. Rockefeller's old sprawling business empire. BP, which
completed its tie-up with Amoco in December, began life in 1901 when English
adventurer William D'Arcy won a concession from the grand vizier of Persia
... FULL
TEXT
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Wednesday
March 31, 1999
* Long haul ahead for Iran's oil opening
DUBAI, March 31 (Reuters) - Iran's biggest oil opening to foreign investors
in 20 years is caught in a web of price uncertainty, threatened U.S. sanctions
and paralysis in decision-making, analysts say. ``The Iranians are under
pressure from all sides. Nobody wants to decide what to do,'' said an Iranian
oil analyst. ``The selection procedure has slowed this (opening) down considerably
at a time when U.S. sanctions are keeping out the bulk of the industry.''
... FULL
TEXT
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* Oil market revives as OPEC cracks whip
LONDON, March 31 (Reuters) - Long seen as past its prime, OPEC on the
brink of 40 is enjoying unaccustomed vigour. Revived by a hefty injection
of political will, the producer club born in 1960 has a precocious spring
in its step as prices perk up in response to tough OPEC output cuts. ``Put
it down to political direction from the top, and leadership by the Saudis,''
said Peter Gignoux of Salomon Smith Barney ... FULL
TEXT
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Tuesday
March 30, 1999
* Iran non-oil exports fall 2 percent to $3 billion in year
TEHRAN, March 30 (Reuters) - Iran's non-oil exports, stagnant in the
past few years, fell 2 percent to about $3 billion in the year to March,
Iranian television reported on Tuesday. It said Iran exported $1.6 billion
worth of industrial products, $750 million in agricultural goods, and carpets
and handicraft worth $700 million in the Iranian year that ended on March
20 ... FULL
TEXT
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Monday
March 29, 1999
* Iran's petrochemical industry striving to be major play in Mideast
Tehran, march 29, irna -- after years of stagnation, iran's petrochemical
industry is striving to be a major player in the middle east, wrote an
article in the cover story of iran exports & imports. buckled under
the pressures of war, slowed by u.s. sanctions in the post war period,
the industry survived, recovered and grew considerably, emerging bigger
and more confident than ever been ... Part
One... Part
Two... Part
Three... Part
Four
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* BP Amoco shortens field in oil race
LONDON, March 29 (Reuters) - A merger with Atlantic Richfield would
remove one of BP Amoco's most aggressive U.S. rivals from a race for international
oil and gas ventures, analysts said. With a stroke of the pen, Arco's name
would vanish from a list of contenders for dazzling international upstream
opportunities including multibillion dollar openings in energy giants Iran
and Kuwait ... FULL
TEXT
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