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July 12 -16, 1999 / Tir 21-25, 1378
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Today
* France acts fast to meet Iran wheat
needs
Previous
* Iran's oil sector immune to unrest
for now
* U.S. hikes Iran wheat import forecast to 6 mln tons
* Iran sweetens terms for oil exploration firms-MEES
* Iran names candidate for OPEC chief
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$ Rate
Updated July 15, 1999
* Buying: 905-930 tomans per dollar
* Selling: 935 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 16, 1999
* France acts fast to meet Iran wheat needs
PARIS, July 15 (Reuters) - French exporters acted fast to meet Iran's
expected bigger appetite this year for grain, taking advantage of timing,
low wheat prices and a rally in oil to sell Iran 300,000 tonnes of wheat,
trade sources said on Thursday. Traders reported that drought-stricken
Iran had agreed to buy 300,000 tonnes of wheat, although Paris-based banking
sources said finalisation of contracts depended on the ability to obtain
credit lines for Iran ... FULL
TEXT
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Thursday
Juuly 15, 1999
* Iran's oil sector immune to unrest for now
LONDON, July 15 (Reuters) - Scarred by war and revolution, Iran's strategic
oil sector appears undisturbed so far by shockwaves from the country's
worst social unrest in years. And barring a dramatic worsening of political
tensions, the industry is likely to be protected by a broad consensus on
the need to develop the country's most valuable resource, Iranian and foreign
experts say ... FULL
TEXT
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Wednesday
July 14, 1999
* U.S. hikes Iran wheat import forecast to 6 mln tons
WASHINGTON (Reuters) - Iran's wheat imports could double in 1999/2000
to 6.0 million metric tons because of drought,the U.S. Agriculture Department
said Tuesday. In its monthly Grains: World Markets and Trade report, the
USDA said it had raised its previous 1999/2000 import forecast by 500,000
metric tons because the Iranian wheat crop would be even smaller than previously
expected ... FULL
TEXT
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Tuesday
July 13, 1999
* Iran sweetens terms for oil exploration firms-MEES
NICOSIA, July 12 (Reuters) - Iran has sweetened terms for international
oil companies seeking oil exploration deals in the country, the Middle
East Economic Survey (MEES) reported on Monday. The newsletter said the
National Iranian Oil Company (NIOC) made the move in response to foreign
oil company criticism of its exploration terms. NIOC has approved a mechanism
``whereby explorers will automatically be able to participate in development
contracts secured by third parties.''... FULL
TEXT
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Monday
July 12, 1999
* Iran names candidate for OPEC chief
TEHRAN, July 10 (Reuters) - Iran said on Saturday it would nominate
its OPEC governor, Hossein Kazempour Ardebili, as candidate for the oil
producer group's secretary-general post. ``The Islamic Republic of Iran
considers it to be its right to obtain the post of secretary-general of
OPEC and officially presents Hossein Kazempour Ardebili as its candidate,''
IRNA quoted oil ministry spokesman Mohammad Sohofi as saying ... FULL
TEXT
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