Business
November 15-19, 1999 / Aban 24-28, 1378
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Latest
* Work begins on Iranian-Ukrainian medium-haul
plane
Previous
* Caspian pipeline accord reached
* BG, Agip in running for next big Iran oil deal
* Iran says two refineries vulnerable to Y2K problem
* Oil minister urges MPs to approve fuel price rise
* Iran National Petchem Co, Shell study new petchem plant
* Iran may raise French wheat purchase
* Defiant Iran seeks more foreign oil deals
* Oil firms emboldened by Shell deal in Iran
* Iran bought at least 300,000 T French wheat
* Iran to set up fund against oil price falls
* Iran to restructure inefficient tax system
* U.S. disappointed by Shell-Iran deal
* Conoco's CEO on Shell deal with Iran
* Bank chief forecasts three billion dollars extra
* Iran interested in U.S. planes-Boeing
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Friday,
November 19, 1999
* Work begins on Iranian-Ukrainian medium-haul plane
TEHRAN, Nov 18 (AFP) - President Mohammad Khatami on Thursday ceremonially
started assembly of the Iran 140 medium-haul Iranian-Ukrainian plane at
Shahin Shahr in central Iran, the official IRNA news agency said ... FULL TEXT
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Thursday
November 18, 1999
* Caspian pipeline accord reached
ISTANBUL, Turkey President Clinton said Thursday a deal to
send Caspian Sea oil to world markets without going through Russia or Iran
will help ensure that no country can choke off the global energy supply.
As Clinton watched, the leaders of Turkey, Azerbaijan and Georgia signed
a series of agreements to build a 1,080-mile oil pipeline from the rich
fields of Azerbaijan through Georgia to Turkey's Mediterranean port of
Ceyhan. In addition, a gas pipeline will be built from Turkmenistan through
Turkey ... FULL
TEXT
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* BG, Agip in running for next big Iran oil deal
LONDON, Nov 17 (Reuters) - Iran hopes to award another big oilfield
deal -- sealing its first onshore energy development with a foreign firm
in two decades -- by the end of this year, its deputy Oil Minister for
International Affairs said on Wednesday. ``We are discussing the Darkhovin
field not only with the Italian company Agip but also with other companies
like British Gas (quote from Yahoo! UK & Ireland: BG.L),'' Seyed Mehdi
Hosseini told reporters at an oil conference in London.... FULL TEXT
* Iran says two refineries vulnerable to Y2K problem
TEHRAN, Nov 18 (Reuters) - Iran's two newest refineries face possible
disruption from the millennium computer bug, largely for lack of key information
from U.S. and other vendors, the head of the country's Y2K compliance programme
said ... FULL
TEXT
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Wednesday
November 17, 1999
* Oil minister urges MPs to approve fuel price rise
TEHRAN, Nov 17 (Reuters) - Iran's Oil Minister Bijan Namdar Zanganeh
has urged parliament to approve sharp energy price increases in order to
cut heavy state subsidies and curb consumption. Newspapers on Wednesday
quoted Zanganeh as saying that President Mohammad Khatami's government
had sought an annual 26-percent rise in the prices of fuel, gas and electricity
under a five-year economic plan, due to begin in March 2000 ... FULL
TEXT
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* Iran National Petchem Co, Shell study new petchem plant
LONDON, Nov 16, 1999 -(Dow Jones)- Iran 's National Petrochemical Company
has linked up with Shell Chemicals Ltd. and Elenac GmbH Kehl to conduct
a feasibility study for a new petrochemical complex in Iran , NPC said
in a statement Tuesday ... FULL
TEXT
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* Iran may raise French wheat purchase
PARIS, Nov 17 (Reuters) - Iran may top up this week's purchase of about
300,000 tonnes of French wheat by several hundred thousand tonnes but the
final amount could depend on how much export credit it receives from France,
analysts said on Wednesday ... FULL
TEXT
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Tuesday
November 16, 1999
* Defiant Iran seeks more foreign oil deals
PARIS, Nov 16 (Reuters) - Iran on Tuesday said it would soon sign more
oil development contracts with foreign companies in defiance of U.S. sanctions
following an $800 million agreement with Royal Dutch/Shell reached at the
weekend ... FULL
TEXT
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* Oil firms emboldened by Shell deal in Iran
LONDON, Nov 16 (Reuters) - International companies are looking to moving
full tilt into Iranian oil projects following Royal Dutch/Shell's (RD.AS)(SHEL.L)
big new deal, even though the U.S. is sticking by its formal threat of
sanctions, a senior oil executive said on Tuesday. ``It's full steam ahead
in Iran,'' said Joe Darby, Chief Executive of U.K. independent Lasmo (LSMR.L)
... FULL
TEXT
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* Iran bought at least 300,000 T French wheat
PARIS, Nov 16 (Reuters) -- Some traders estimated Iran could have bought
up to 400,000 tonnes of French wheat. ``The purchase was made in principle
under a Coface credit,'' said a trader from one of the firms involved in
the deal ... FULL
TEXT
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* Iran to set up fund against oil price falls
TEHRAN, Nov 16 (Reuters) - Iran's parliament voted on Tuesday to create
a special fund to protect the country's oil-dependant economy against fluctuations
of crude prices ... FULL
TEXT
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* Iran to restructure inefficient tax system
TEHRAN, Nov 16 (Reuters) - Iran's parliament voted on Tuesday to restructure
the country's inefficient tax system in an effort to curb rampant tax evasion
and ease dependence on oil earnings ... FULL
TEXT
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Monday
November 15, 1999
* U.S. disappointed by Shell-Iran deal
WASHINGTON (Reuters) - The United States said on Monday it was ``deeply
disappointed and much concerned'' by an $800 million agreement between
Royal Dutch/Shell and the Iranian National Oil Company to develop two Iranian
oilfields. But analysts said they doubted the Clinton administration would
break with precedent and impose sanctions on the Anglo-Dutch giant under
the Iran-Libya Sanctions Act (ILSA) of 1996, barring a sudden shock to
Iranian-American relations ... FULL
TEXT
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* Conoco's CEO on Shell deal with Iran
HOUSTON--(BUSINESS WIRE)--Nov. 15, 1999--Conoco Chairman and CEO Archie
W. Dunham issued the following statement in response to news reports of
Royal Dutch/Shell signing an $800 million deal to develop two Iranian oilfields,
despite U.S. legislation aimed at punishing such investment by western
companies in Iran ... FULL
TEXT
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* Bank chief forecasts three billion dollars extra after oil price
rise
TEHRAN, Nov 14 (AFP) - Iran's central bank governor said Sunday that
oil revenues will run some three billion dollars above the forecast in
the next economic plan, the official IRNA news agency reported ... FULL TEXT
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* Iran interested in U.S. planes-Boeing
DUBAI, Nov 15 (Reuters) - Airlines from Iraq, Iran and Libya, all under
U.S. or U.N. sanctions, would like to be able to buy U.S. planes to get
more competitive prices in renewing their ageing fleets, a Boeing Co official
said on Monday ... FULL
TEXT
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