Business
March 15-19, 1999 / Esfand 24-28,1377
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Today
* Russia offers US deal to end its nuclear
aid to Iran
* It's business first for Iran at UAE arms fair
* Iran pins hopes on OPEC to meet budget forecasts
* Iran official says trade zones to get liberal laws
Previous
* European oil companies flock to Iran
* Iran steps up calls for US investment
* The Hague oil producer cuts deal
* Oil prices soar as producers agree new cuts
* Iran, Italy conclude $2 billion deals
* Iran stresses opposition to Turkmen pipeline project
* Crude down on lack of oil talk news
* Iranian delegation meets ENI officials
* No decision imminent on US farm sales to Iran
* Crude oil futures soar
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Updated March 15, 1999
* To send money to Iran, the rate is 772-792 tomans per
dollar, depending on how much you wish to send.
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dollar.
Source: Sehaty Foreign Exchange. Preferntial rates for readers of The
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Wednesday
March 17, 1999
* Russia offers US deal to end its nuclear aid to Iran: report
WASHINGTON, March 17 (AFP) - Russia will offer to curtail its nuclear
cooperation with Iran if United States lifts its sanctions on two Russian
research facilities, The New York Times said Wednesday. The offer, revealed
by Russian Energy Minister Yevgeny Adamov during an interview, will be
made during Russian Prime Minister Yevgeny Primakov's visit to Washington
next week, the daily said ... FULL
TEXT
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* It's business first for Iran at UAE arms fair despite island row
ABU DHABI, March 17 (AFP) - Under the motto of "business first,"
Iranian exhibitors have tried to attract potential buyers from around
the world at the Abu Dhabi arms fair despite Tehran's islands dispute with
their Emirati hosts. "It's been going fairly well. We are confident
in the interest shown," said Hossein Shahbazi Jafari, an official
of Iran's defence ministry overseeing Iran's participation ... FULL TEXT
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* Iran pins hopes on OPEC to meet budget forecasts
TEHRAN, March 17 (AFP) - Iran's central bank governor said Wednesday
he expects promised OPEC cutbacks to enable the Islamic republic to meet
its budget forecasts and bring a return to monetary stability. "Given
the present trend in the world oil market there is a great possibility
that figures stipulated in next year's state budget will be realised and
the country's monetary situation will be stabilised," Mohsen Nurbakhsh
told the official IRNA news agency ... FULL
TEXT
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* Iran official says trade zones to get liberal laws
TEHRAN, March 17 (Reuters) - A senior Iranian official said
on Wednesday he expected liberal laws fostering foreign investment in Iran's
free trade zones to be passed despite the opposition of a top conservative
body. ``The whole thing will be wrapped up in two months. I don't think
we will have any problems with laws and regulations in the trade zones,''
said Morteza Alviri, the head of the trade zones ... FULL
TEXT
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Tuesday
March 16, 1999
* European oil companies flock to Iran
March 10, 1999, (THE WALL STREET JOURNAL) - European oil companies are
flocking back to Iran, lured by attractive deals from the Islamic government.
But U.S. firms, barred by American sanctions on Iran, remain largely sidelined
for now. With petroleum prices at their lowest level in real terms since
the Great Depression, some big oil companies bet they can make big money
in Iran, which Western petroleum majors left after the Islamic revolution
of 1979 ... FULL
TEXT
Go to top
Monday
March 15, 1999
* Iran steps up calls for US investment in oil, gas sectors
TEHRAN, March 15 (AFP) - Tehran again challenged Washington on Monday
to allow US firms to do business in Iran's oil and gas sectors and end
sanctions against the Islamic republic. "It's time that the United
States revised its policy and attitude and opened the way for US companies
to take part in oil and gas development projects in Iran," Foreign
Minister Kamal Kharazi said ... FULL
TEXT
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Friday,
March 12, 1999
* The Hague oil producer cuts deal
THE HAGUE, March 12 (Reuters) - Following is the full text of the statement
released at the end of the oil producer talks on Friday: 1) In response
to an invitation by HE Youcef Yousfi, the Minister of Energy and Mines
of Algeria and President of the OPEC Conference, the Minister of Petroleum
of Iran, Bijan Namdar Zangeneh; the Minister of Petroleum and Mineral Resources
of Saudi Arabia, Ali Al-Naimi; and, the Minister of Energy and Mines of
Venezuela, Ali Rodriguez, met at the Algerian Embassy in The Hague on the
11th and 12th of March, to exchange views on the current situation and
outlook of the international oil market. The Minister of Energy of Mexico
was represented by Adrian Lajous, CEO of PEMEX, the Mexican state oil company
... FULL TEXT
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* Oil prices soar as producers agree new cuts
LONDON, March 12 (Reuters) - World oil prices gained nearly a dollar
on Friday, soaring after an emergency meeting of key oil powers agreed
to remove more than two million barrels per day (bpd) from a glutted market
to support prices. International benchmark Brent blend crude oil from the
North Sea breached a psychological level of $13 a barrel shortly after
Saudi Arabian Oil Minister Ali al-Naimi announced news of a deal in The
Hague ... FULL
TEXT
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* Iran, Italy conclude $2 billion deals
TEHRAN, Iran, March 12 (UPI) -- An Iranian official says his country
has signed economic agreements worth $2 billion with Italy during a visit
by Iranian President Mohammed Khatami to Rome this week. Minister of Mines
and Metals Eshaq Jahangiri, who is also the head of the Iran-Italy Joint
Committee, said today) initial accords were reached to execute numerous
economic projects by Italy in Iran ... FULL
TEXT
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Thursday
March 11, 1999
* Iran stresses opposition to Turkmen pipeline project
TEHRAN, March 10 (AFP) - Iran's oil ministry reiterated its opposition
Wednesday to Turkmenistan's plans for a natural gas pipeline under the
Caspian sea that would bypass the Islamic republic. Iran is the "best
and cheapest route," said Deputy Oil Minister for Caspian affairs
Ali Majedi before leaving for an international oil and gas conference that
began Wednesday in the Turkmen capital of Ashgabad ... FULL
TEXT
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* Crude down on lack of oil talk news
March 11, 1999, (AP) - Crude oil futures retreated on the New York Mercantile
Exchange Thursday as market participants awaited news from a meeting of
key world oil producers in Amsterdam. But the meeting in Amsterdam of Saudi
Arabia -- the world's top producer -- Venezuela, Iran, Algeria, Mexico
and Norway produced no news of solid plans to go ahead with the supply
cuts ... FULL
TEXT
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