Business
April 12-April 16, 1999 / Farrvardin 23-27, 1378
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* Khatami to visit Saudi
Previous
* Iran to cut oil exports 12 pct a month
in 99'
* State body blocks liberal free trade zone law
* ARCO pushes for future Iran oil deal
* Iran, Russia agree on oil and gas cooperation
* Iran praises Saudi over oil, differences remain
* Oil firms seen breaking U.S.-Iran ice
* Japanese eye Iran oil despite sanctions
* Oil prices boosted by Balkan crisis, Iran cut
* U.S. firm ARCO in talks on Iranian oilfields
* Iran to award oil buy-back deals soon
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Updated April 16, 1999
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Friday,
April 16, 1999
* Khatami to visit Saudi
RIYADH, Saudi Arabia, April 15 (UPI) -- A Saudi newspaper, Ukaz, has
reported that Iranian President Mohammad Khatemi will make an official
visit to Saudi Arabia next month, the first by an Iranian president since
the 1979 Islamic revolution ... FULL
TEXT
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Thursday
April 15, 1999
* Iran to cut oil exports 12 pct a month in 99'
DUBAI, April 15 (Reuters) - Iran said on Thursday it cut oil exports
by 10 percent in April and would reduce them by 12 percent a month for
the rest of 1999, denying reports it was slow among OPEC producers cutting
exports to meet new supply curbs ... FULL
TEXT
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Wednesday
April 14, 1999
* Iran state body blocks liberal free trade zone law
TEHRAN, April 14 (Reuters) - A clergy-based Iranian state body on Wednesday
rejected a liberal law that would draw foreign investment to Iran's free
trade zones, the official news agency IRNA reported ... FULL
TEXT
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* ARCO pushes for future Iran oil deal
MANAMA, April 14 (Reuters) - U.S. energy major Atlantic Richfield Co
(ARCO) said it was pressing forward with negotiations on developing oilfields
in Iran and expressed hope of clinching a deal once U.S. sanctions are
lifted ... FULL
TEXT
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* Iran, Russia agree on oil and gas cooperation
TEHRAN, April 14 (Reuters) - Iran and Russia reached an initial agreement
on Wednesday to cooperate on oil and gas projects and in the field of petrochemicals,
Iranian state television reported ... FULL
TEXT
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* Iran praises Saudi over oil, differences remain
TEHRAN, April 14 (Reuters) - Iranian leaders and media have heaped praise
on Saudi Arabia for helping lift oil prices, but conservative newspapers
said on Wednesday sharp differences still hampered full rapprochment between
the former rivals ... FULL
TEXT
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Tuesday
April 13, 1999
* Oil firms seen breaking U.S.-Iran ice
MANAMA, April 13 (Reuters) - Iranian-American energy executive Bijan
Mossavar-Rahmani said on Tuesday he was more confident than ever that oil
will persuade arch-rivals Washington and Tehran to bury years of animosity
and resume talking business. ``Oil is where Iran needs the United States
most immediately in terms of money, technology, know-how and oil is what
the U.S. business most seeks in Iran. Oil is what will lubricate this relationship,''
he told Reuters in an interview ... FULL
TEXT
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* Japanese eye Iran oil despite sanctions
MANAMA, April 13 (Reuters) - Japanese companies are losing patience
with the threat of U.S. sanctions against firms that invest in Iran and
are considering ways of doing big business there, a Japanese oil official
said on Tuesday. ``I am not sure Japanese companies can wait until the
U.S. government lifts sanctions completely,'' Ikuro Sugawara, general manager
of Japan National Oil Corp (JNOC), told Reuters in an interview on the
sidelines of an oil conference in Bahrain ... FULL
TEXT
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* Oil prices boosted by Balkan crisis, Iran output cut
NEW YORK, April 13 (Reuters) - Oil rose on a combination of bullish
headlines on Tuesday, including fears of a widening Balkans crisis as well
as production and export cuts by Iran and Saudi Arabia, traders said. There
was also some support from speculative traders buying back contracts they
had previously sold, pushing the May contract on the New York Mercantile
Exchange to settle 32 cents higher at $16.72 a barrel ... FULL
TEXT
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Monday
April 12, 1999
* U.S. firm ARCO in talks on Iranian oilfields
MANAMA, April 12 (Reuters) - U.S. oil major Atlantic Richfield Co (ARCO)
said on Monday it was holding talks with Iran on developing unnamed onshore
oilfields in the country. ``Our ongoing talks with Tehran are now focused
on certain onshore fields,'' ARCO Executive Vice-President Don Voelte told
an oil conference in Bahrain ... FULL
TEXT
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* Iran to award oil buy-back deals soon
MANAMA, April 12 (Reuters) - Iranian Deputy Minister of Petroleum for
International Affairs Seyyed Mehdi Hosseini said on Monday his country
expected to finalise soon several so-called buy-back deals with foreign
oil firms. ``Most of these projects will be concluded in the very near
future,'' he told Reuters on the sidelines of the Middle East Petroleum
and Gas Conference in Bahrain ... FULL
TEXT
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