Business
July 26-30, 1999 / Mordad 4-8, 1378
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Today
* LASMO hopeful for role in Iran projects
* France pressed to finalise wheat sale to Iran
Previous
* Biggest Iran state group to reform
to boost profit
* Russia, Iran consider $8 bn of new contracts
* Mir Moezi had served as NIOC undersecretary of engineering
* Iran seen shunning U.S. wheat for now
* Russian Companies Interested in Investment in Iran
* Russia pleased with Iran on Caspian Sea
* U.S. sets food sale rules for Iran
* Ansaldo signs Euro 840 m Iranian gas deal
* Khatami's task has barely begun
* Official says Iran unlikely to buy U.S. grain
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$ Rate
Updated July 30, 1999
* Buying: 890-913 tomans per dollar
* Selling: 916 tomans per dollar
Source: Sehaty Foreign Exchange. Call in U.S.: 602-595-0778 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 30, 1999
* LASMO hopeful for role in Iran projects
LONDON, July 29 (Reuters) - British oil and gas exploration and production
company LASMO Plc said on Thursday it hoped to win a role in at least
one of the two projects it was chasing in Iran . LASMO and its recent
acquisition Monument Oil & Gas Plc are involved in a number of Iranian
project bids, with LASMO having submitted redevelopment plans for both
the onshore Darquain and Ab-Teymur fields ... FULL
TEXT
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* France pressed to finalise wheat sale to Iran
PARIS, July 29 (Reuters) - French grain traders and bankers have put
pressure on the French government to make available credit guarantees
so they can finalise recent contracts to sell French wheat to Iran , banking
sources said on Thursday. Exporters earlier this month sold Iran at least
300,000 tonnes of French wheat at $93 per tonne Fob, the contracts depending
on obtaining credits backed by French export credit insurer Coface ...
FULL TEXT
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Thursday
Juuly 29, 1999
* Biggest Iran state group to reform to boost profit
TEHRAN, July 29 (Reuters) - The new head of Iran's largest state-affilated
conglomerate pledged to introduce sweeping changes to the multi-billion-dollar
group that has been beset by charges of inefficiency and allegations of
corruption. Mohammad Forouzandeh, named last week to head the Foundation
for the Deprived and War Disabled, said it planned to sell loss-making
businesses and take up more lucrative ventures ... FULL
TEXT
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* Russia, Iran consider $8 bn of new contracts
July 28, 1999, MOSCOW (AP)--Russia and Iran are considering new economic
cooperation contracts worth up to $8 billion, Russian Deputy Prime Minister
Nikolai Aksyonenko said Wednesday after talks with a visiting Iranian minister.
Some of the new deals would involve mining and steel projects, Aksyonenko
said after talks with Eshaq Jahangiri, Iran 's minister of mines and metals,
the Interfax news agency reported ... FULL
TEXT
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* Mir Moezi had served as NIOC undersecretary of engineering
TEHRAN, July 29 (Reuters) - Iranian Oil Minister Bijan Zanganeh has
appointed Said Mehdi Mir Moezi as deputy managing director of the National
Iranian Oil Company (NIOC) and ministry undersecretary of oil in charge
of production, Iranian sources said on Thursday. Mir Moezi had served as
NIOC undersecretary of engineering and construction prior to his promotion.
``He is a quiet, modest man who gets the job done. He is very low-key,''
said one Iranian source, who asked not to be identified. The sources said
Mir Moezi will be responsible for the day-to-day operations of NIOC as
well as Iranian upstream operations although the oil minister has the ultimate
say.
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Wednesday
July 28, 1999
* Iran seen shunning U.S. wheat for now
PARIS, July 28 (Reuters) - Tension between moderates and conservatives
in Tehran and ongoing hostility toward the United States is likely to keep
Iran from buying U.S. wheat for now, European banking sources and grain
traders said this week. They said Iran would continue buying from Europe
and Australia for the time being, despite Washington's issuance of rules
allowing U.S. firms to resume food and medicine sales to the Middle East
state and despite a devastating drought that has nearly doubled Iran's
estimated wheat import needs ... FULL
TEXT
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* Russian Companies Interested in Investment in Iran
MOSCOW, July 28 (Itar-Tass) -- Russia's First Vice Premier Nikolai Aksyonenko
told journalists after a meeting with Iranian Minister of Metallurgy and
Mines Eshak Jahangiri that the participation of Russian firms in the international
forum on investments in the mining and metallurgical industry of Iran scheduled
for October 19 and 20, 1999 in Teheran could facilitate their familiarisation
with the investment climate in Iran and provide additional possibilities
for cooperation with the Islamic Republic in the indicated industries ...
FULL TEXT
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* Russia pleased with rapprochement with Iran on Caspian Sea
MOSCOW, July 28 (Itar-Tass) -- Russia's First Vice Premier Nikolai Aksyonenko
told journalists after a meeting with Iranian Minister of Metallurgy and
Mines Eshak Jahangiri that he was satisfied with the first signs of rapprochement
between Russia and Iran with regard to the approaches to the solution of
the question about the legal status of the Caspian Sea ... FULL TEXT
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Tuesday
July 27, 1999
* U.S. sets food sale rules for Iran
WASHINGTON (Reuters) - U.S. farmers will be able to compete for an estimated
$2 billion in grain sales to Iran, Libya and Sudan under long-awaited new
rules that will become effective Tuesday, Clinton administration officials
said Monday. The new regulations put into place a policy change announced
by the Clinton administration on April 28 to exempt sales of food, medicine
and medical equipment from U.S. economic sanctions ... FULL
TEXT
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* Ansaldo signs Euro 840 m Iranian gas deal
July 21, (European Report) - Ansaldo Energia, a unit of Italian state
engineering group Finmeccanica , has signed a 1.6 trillion Lire (Euro 840
million) gas deal with Iran Power Development. The contract, won by Ansaldo
after an international tender, is to supply 30 gas turbines, generators
and auxiliary equipment for seven open cycle plants, Ansaldo said in a
statement ... FULL
TEXT
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* Khatami's task has barely begun
July 30, 1999 (Middle East Economic Digest) President Khatami's economic
reforms have been more limited than the political changes he has introduced
in the past two years. Restructuring of the "sick economy" frequently
cited by the president may have to await the right political conditions
in another couple of years ... FULL
TEXT
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Monday
July 26, 1999
* Official says Iran unlikely to buy U.S. grain
TEHRAN, July 26 (Reuters) - An Iranian trade official said in remarks
published on Monday that Iran was unlikely to buy grain from the United
States and would purchase U.S. goods only if Washington allows imports
of Iranian products. ``We have have never given serious consideration to
buying grain from America, as prices are generally falling in world markets
and we do not need to buy goods from America,'' newspapers quoted Deputy
Trade Minister Masoud Karbasian as saying ... FULL
TEXT
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