Business
December 13-17, 1999 / Azar 22-26, 1378
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Latest
* Oil steadies with OPEC cuts drawing
stocks down
Previous
* Turkey to seek delivery extension
in Iran gas deal
* Khatami submits balanced budget to parliament
* Turkey doubts Iran plan to pump gas in 2 wks
* Parliament rejects law to protect foreign tourists
* American jailed for sale of missile parts to Iran
* Iran discusses law to protect foreign tourists
* Iran sees compromise on next OPEC secretary-general
* Head of electrical manufacturer arrested on fraud
charges
* Czech firm contracted to install ventilation in nuclear
reactor
* Khatami privatisation plans run into trouble
* Iran Mends Ties With Europeans Businessmen Find Myriad
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Friday,
December 17, 1999
* Oil steadies with OPEC cuts drawing stocks down
SINGAPORE, Dec 17 (Reuters) - Crude prices in Asia on Friday remained
relatively steady, propped up by declining stocks as OPEC output cuts
bite. January New York Mercantile Exchange (NYMEX) crude futures last
traded at $26.80 per barrel at 0650 GMT, a marginal three cents lower
from its settlement in New York >>> FULL
TEXT
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Thursday
December 16, 1999
* Turkey to seek delivery extension in Iran gas deal
ANKARA, Dec 16 (Reuters) - Turkey will send senior gas officials to
Iran this month to try to revise a penalty clause in a $23 billion accord,
to avoid paying $120 million for undelivered gas, an energy official said
on Thursday. Gokhan Yardim, general manager of Turkey's pipeline company
Botas, will lead a team of officials to Tehran on December 24-26 >>>
FULL
TEXT
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Wednesday
December 15, 1999
* Khatami submits balanced budget to parliament
TEHRAN, Dec 15 (AFP) - Iranian President Mohammad Khatami submitted
a balanced budget Wednesday with revenue and expenditure 29 percent higher
than last year. "It is a balanced budget which is within the country's
means," the reformist president said in a speech to the conservative-dominated
parliament >>> FULL
TEXT
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* Turkey doubts Iran plan to pump gas in 2 wks
ANKARA, Dec 15 (Reuters) - Iran said on Wednesday it will start natural
gas exports to Turkey in two weeks in defiance of U.S. efforts to isolate
Tehran but Ankara cast doubt on the timetable for the new deliveries >>>
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TEXT
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* Parliament rejects law to protect foreign tourists
TEHRAN, Dec 15 (AFP) - The Iranian parliament Wednesday turned down
new legislation to protect foreign tourists drafted after a wave of kidnappings
of Western nationals threatened the country's fledgling tourism sector
>>> FULL
TEXT
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Tuesday
December 14, 1999
* American jailed for sale of missile parts to Iran
NEWARK, N.J., Dec 13 (Reuters) - A man was sentenced on Monday to 28
months in federal prison for illegally selling missile parts to Iran, U.S.
Attorney Robert Cleary said. U.S. District Court Judge Alfred Wolin also
ordered Daniel Malloy, 42, of Oradell, New Jersey to pay a $750,000 fine
and forfeit $1.88 million in profits he made from trading with Iran, Assistant
U.S. Attorney Noel Hillman said ... FULL
TEXT
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* Iran discusses law to protect foreign tourists
TEHRAN, Dec 14 (AFP) - The Iranian parliament began discussion Tuesday
of new legislation to protect foreign tourists drafted after a wave of
kidnappings of Western nationals threatened the country's fledgling tourism
sector. Several MPs set out the need for tougher penalties "for all
attacks against foreigners on tourist visits to Iran," a parliamentary
official said ... FULL
TEXT
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* Iran sees compromise on next OPEC secretary-general
DUBAI, Dec 14 (Reuters) - OPEC power Iran expressed hope on Tuesday
that the cartel will resolve the sensitive issue of choosing a secretary-general
through a compromise. ``I am confident OPEC will come up with a fair, just,
solution and make a compromise,'' Iran's OPEC Governor, Hossein Kazempour
Ardebili, the country's candidate for the job, told Reuters by telephone
... FULL
TEXT
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Monday
December 13, 1999
* Head of electrical manufacturer arrested on fraud charges
TEHRAN, Dec 13 (AFP) - The former chairman of Iranian domestic electrical
appliance company Arj and several of his colleagues were arrested and remanded
in custody Sunday for alleged fraud, the courts said Monday. Abbas Dadqar
and several members of the management board of the Arj factory, nationalised
after the revolution of 1979, were held under an arrest warrant after being
brought before a judge, a management source at the factory said ... FULL TEXT
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* Czech firm contracted to install ventilation in nuclear reactor
PRAGUE, Dec 13 (AFP) - A Czech firm is on the verge of signing a contract
to install a ventilation system for a controversial new Iranian nuclear
power station, the Czech magazine Respekt reported Monday ... FULL TEXT
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* Khatami privatisation plans run into trouble
TEHRAN, Nov 29 (AFP) - Iranian President Khatami's ambitious privatisation
plans have fallen foul of a conservative constitutional watchdog, press
reports said as the reformist president prepared to present his next budget
... FULL TEXT
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