Business
Feb 22-26, 1999 / Esfand 3-7,1377
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Today
* India, Iran studying Indian Ocean
gas pipeline
Previous
* Germany nears debt deal with Iran
* Lingering Iran oil row hits OPEC prospects
* Russia blasts US over Iran sanctions
* Iran to allow private banks, official says
* Thais say fail to reach rice deal with Iran
* Oil markets fixed on Saudi, Iran
mystery
* Israeli firm brokers Caspian gas deal
* Iranian president to visit Saudi Arabia soon
* Iran secures $900 mln loan for gasfield
* Financing search delays Iran Caspian deal
* Saudi airlines to resume flights to Iran
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Updated February 26, 1999
* To send money to Iran, the rate is 800-825 tomans per
dollar, depending on how much you wish to send.
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Friday,
February 26, 1999
* India, Iran studying Indian Ocean gas pipeline
TEHRAN, Feb 25 (AFP) - An Indian delegation is to visit Iran to discuss
the possibility of building an Indian Ocean pipeline to ship Iranian liquified
natural gas to the subcontinent, Foreign Minister Kamal Kharazi said Thursday.
Kharazi, in an interview with the official IRNA news agency in New Delhi,
where the foreign minister is on a visit, said discussions were held with
Indian officials on LNG purchases and the possibility of building a pipeline
... FULL TEXT
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Thursday
February 25, 1999
* Germany nears debt deal with Iran
BONN, Feb 25 (Reuters) - Talks on making it easier for Iran to service
billions of marks in debts to Germany in the wake of a world oil price
slump have reached an advanced stage, German officials said on Thursday.
Details of the talks were sketchy, but an official at the Ausfuhrkreditanstalt
(AKA) in Frankfurt, which represents 40 lender banks, said a restructuring
could be announced in March ... FULL
TEXT
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* Lingering Iran oil row hits OPEC prospects
LONDON, Feb 25 (Reuters) - Prospects for further oil output cuts suffered
a fresh blow on Thursday when Iran indicated a lingering dispute with Saudi
Arabia over supply restraint was still very much alive. A statement by
an Iranian OPEC source shredded hopes for a resolution of a bad tempered
row that has defied resolution for months, blocking progress by OPEC on
moves to raise sagging prices ... FULL
TEXT
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* Russia blasts US over Iran sanctions
MOSCOW, Feb 25 (Reuters) - Russia turned up the volume in a dispute
with the United States over nuclear cooperation with Iran on Thursday,
saying it would not accept being talked to in the ``language of sanctions
and pressure.'' The Foreign Ministry dismissed U.S. accusations that Russian
firms were helping Iran develop nuclear and missile programmes, and reiterated
its condemnation of sanctions imposed by Washington on 10 Russian companies
and research institutes ... FULL
TEXT
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* Iran to allow private banks, official says
TEHRAN, Feb 25 (Reuters) - Iran has approved the creation of private
banks for the first time since the 1979 Islamic revolution, which led to
the nationalisation of banking, a senior official said in remarks published
on Thursday. Nasser Yusefikia, a senior Central Bank official, told newspapers
that the idea had been approved at the highest levels of the government
... FULL
TEXT
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* Thais say fail to reach rice deal with Iran
BANGKOK, Feb 25 (Reuters) - Thailand failed on Thursday to reach an
agreement on rice sales to Iran, a senior Commerce Ministry official said.
Pracha Charutrakulchai, director-general of Department of Foreign Trade,
told Reuters after meeting Iranian negotiators that they had agreed in
principle to try to boost trade volumes between their two countries ...
FULL
TEXT
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Wednesday
February 24, 1999
* Oil markets fixed on Saudi, Iran mystery
DUBAI, Feb 24 (Reuters) - Depressed world oil markets are asking the
big question -- are OPEC titans Saudi Arabia and Iran negotiating a secret
deal or does the silence in the Gulf mean that bad times are about to get
worse? Central to the mystery is Iranian President Mohammad Khatami's travel
plans, which could prove decisive in whether the Organisation of the Petroleum
Exporting Countries resolves the dispute over the baseline from which Iran
cuts its oil output under a cartel pact ... FULL
TEXT
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Tuesday
February 23, 1999
* Israeli firm brokers Caspian gas deal
February 21, 1999 (Ha'aretz) - In a deal brokered by Herzliya-based
firm Merhav, giant U.S. firms General Electric and Bechtel signed a memorandum
of understanding in Turkmenistan on Friday, affirming their intentions
to build a $2.5 billion natural-gas pipeline from Turkmenistan to Turkey,
bypassing Iran by crossing the Caspian Sea ... FULL
TEXT
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* Iranian president to visit Saudi Arabia soon
TEHRAN, Feb 23 (Reuters) - Iranian President Mohammad Khatami is due
to travel to Saudi Arabia some time in late March or in April, Iran's state
television said on Tuesday. It said the president would visit Saudi Arabia
either during the annual Haj pilgrimage, to start in late March, ``or a
little after.'' ... FULL
TEXT
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Monday
February 22, 1999
* Iran secures $900 mln loan for gasfield-MEES
NICOSIA, Feb 22 (Reuters) - The National Iranian Oil Company (NIOC)
is understood to have secured a loan worth some $900 million to develop
Iran's huge offshore South Pars gasfield, the Middle East Economic Survey
(MEES) reported on Monday. The Cyprus-based newsletter said the pre-financing
deal for the first-phase development will use crude from Iran's new Sirri
A and E fields as collateral for the credit facility arranged by France's
Credit Agricole ... FULL
TEXT
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* Financing search delays Iran Caspian pipeline deal
DUBAI, Feb 22 (Reuters) - A deal to build a $347 million Caspian Sea
oil pipeline through Iran has been delayed by a tough search for consortium
partners who can deliver financing, an Iranian oil official said on Monday.
Iranian project management firm MAPNA was still seeking consortium partners
in Europe and had not ruled out two state-owned Chinese companies to help
construct the pipeline to Iran's northern refineries, the oil official
told Reuters ... FULL
TEXT
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* Saudi airlines to resume flights to Iran
RIYADH, Feb 22 (Reuters) - Saudi Arabian Airlines Corp (SAUD.CN) is
to resume flights to four Iranian cities after a halt of about two decades,
the official Saudi Press Agency reported on Monday. It said officials from
the civil aviation authorities of both countries signed an agreement on
the flights after two days of talks in the Saudi Red Sea city of Jeddah.
The report did not say when the flights would begin ... FULL
TEXT
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