Business
July 6-9, 1999 / Tir 15-18, 1378
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Today
* Rafiqdust to quit as head of Foundation
for the Oppressed
* Iran to inform OPEC of secretary-general candidate
* Iran sees OPEC output cuts until March 2000
Previous
* Canada nuclear fusion reactor might
go to Iran
* Iran private ``bank'' says thriving
* U.N. warns of new population boom in Iran
* Iran passes $400 mln aid to drought-hit farmers
* MP urges limited foreign ownership in oil
* Iran drought ruins 27 pct of wheat crop
* Total/Elf deal would widen Iran oil role
* Iranian state cuts power to three of capital's main hospitals
* Oil market rally solid at 18-month highs
* Pakistan seeks lower cost of Iran pipeline
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$ Rate
Updated July 9, 1999
* Buying: 780-915 tomans per dollar
* Selling: 920 tomans per dollar
Source: Sehaty Foreign Exchange. 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 for a better rate:
FA37B
Friday,
July 9, 1999
* Rafiqdust to quit as head of Foundation for the Oppressed
Tehran, 7th July (IRNA - BBC Worldwide Monitoring) -- The head of the
Foundation for the Oppressed and War-Disabled [Mohsen Rafiqdust] said on
Wednesday [7th July] that he was "ready to leave the post to a younger
and more powerful" person ... FULL
TEXT
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* Iran to inform OPEC of secretary-general candidate
DUBAI, July 8 (Reuters) - Major oil producer Iran will inform OPEC in
the next few days that it has chosen its OPEC governor, Hossein Kazempour
Ardebili, as a candidate for secretary-general of the group, Iranian oil
sources said on Thursday. ``Iran will commmunicate to OPEC that its candidate
is Ardebili,'' said one of the sources. ``OPEC will be informed in the
next few days.'' ... FULL
TEXT
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* Iran sees OPEC output cuts until March 2000
DUBAI, July 8 (Reuters) - Iran said on Thursday that OPEC states would
maintain oil production cuts until March 2000. ``All member countries are
for full compliance (with the cuts) until March 2000,'' Iran's OPEC governor
Hossein Kazempour Ardebili told Reuters by telephone from Tehran ... FULL
TEXT
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Thursday
Juuly 8, 1999
* Canada nuclear fusion reactor might go to Iran
OTTAWA (Reuters) - Canada's fledgling nuclear fusion reactor program
might be sold lock, stock and barrel to Iran, which U.S. officials have
often accused of seeking to acquire nuclear weapons. The director of the
program, physicist Real Decoste, said Wednesday that negotiations were
advanced with Iran on the sale of the experimental reactor and its technology,
since the federal government cut off funding in 1997 ... FULL
TEXT
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* Iran private ``bank'' says thriving
TEHRAN, July 7 (Reuters) - Iran's first private credit institution aims
to improve banking services and help lift the country's huge property market
from stagnation, its vice-president said. ``We are after a banking system
without bureaucratic red tape,'' Shahram Salmasi of the Credit Institution
for Construction Development told Reuters in an interview late on Tuesday
... FULL
TEXT
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* U.N. warns of new population boom in Iran
TEHRAN, July 7 (Reuters) - Iran, successful in cutting birthrates in
recent years, is facing a renewed threat as a generation of post-revolution
babyboomers is reaching reproductive age, a U.N. official said on Wednesday.
``The population growth rate is certainly alarming. The rate is expected
to rise from 1.4 percent in 1996 to 1.7 percent in 2001,'' Mohammad Mosleh-Uddin,
the United Nations Population Fund's representative in Iran, told a news
conferences ... FULL
TEXT
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Wednesday
July 7, 1999
* Iran passes $400 mln aid to drought-hit farmers
TEHRAN, July 6 (Reuters) - Iran's parliament on Tuesday approved emergency
funds of up to $400 million to help farmers hit by the worst drought in
30 years, the official news agency IRNA reported. It said deputies passed
a government bill allocating 1.2 trillion rials to help farmers, livestock
owners and tribesmen after the drought, which has inflicted as much as
10 trillion rials in damage ... FULL
TEXT
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* MP urges limited foreign ownership in oil
TEHRAN, July 6 (Reuters) - The head of Iran's parliamentary oil commission
has proposed amending the constitution to allow direct foreign ownership
of oil projects in remote or economically depressed regions of the country.
In remarks published on Tuesday in the Iran News, Morteza Zarringol suggested
changes to Iranian law that would attract much-needed foreign technology
and capital to less-developed areas, such as western Kurdistan Province
... FULL
TEXT
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Tuesday
July 6, 1999
* Iran drought ruins 27 pct of wheat crop
TEHRAN, July 5 (Reuters) - Iran's worst drought in 30 years has destroyed
more than a quarter of the country's wheat crop and a quarter of its rice,
Agriculture Minister Issa Kalantari said. The minister said the drought
had resulted in 10 trillion rials in losses, affecting 600,000 families.
The rial figure is equivalent to $3.3 billion at the official exchange
rate, but worth only a third of that on the black market ... FULL
TEXT
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* Total/Elf deal would widen Iran oil role
DUBAI, July 5 (Reuters) - A takeover of Elf Aquitaine by rival TotalFina
would bolster Total's already strong position in Iran, where both firms
are competing for new deals after clinching big contracts. But the move
would limit Iran's negotiating power by removing a major international
firm in the race for its energy contracts, analysts said on Monday ...
FULL
TEXT
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* Iranian state cuts power to three of capital's main hospitals
TEHRAN, July 5 (AFP) - Iran's energy ministry cut off the power supply
to three of the capital's main hospitals, including a children's hospital,
Saturday for non-payment of bills, staff told AFP Monday. The three hospitals
were faced with "crisis situations" after electricity cuts of
between two and five hours, staff said ... FULL
TEXT
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Monday
July 5, 1999
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