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October 4-8, 1999 / Mehr 12-16, 1378
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* Shell Seems Near Pact on Iranian Fields
* Caspian at centre of Iran, Kazakhstan ties
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* U.S., oil firms clash on Caspian exports
* Saudi Arabia to launch exclusive trade fair in Iran
* Metallgesellschaft unit wins plant engineering contract
in Iran
* Majlis opens debate on Khatami's economic plan
* Iranian MPs question government development plan
* Europeans, Arabs make strong showing at Iran fair
* Iran plans petchem plants worth $6 bln by 2005
* Iran seeks $10 bln foreign capital in mines, metals
* Iran seeks Saudi investment in mining sector
* Khatami opens biggest trade fair
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Friday,
October 8, 1999
* Shell Seems Near Pact to Spend About $1 Billion on Iranian Fields
GENEVA, Oct 8, (Wall Street Journal) -- Royal Dutch/Shell Group, one
of the world's largest privately held oil companies, appears to be close
to agreeing to invest about $1 billion (935.2 million euros) to develop
two oil fields in Iran, which is still subject to U.S. sanctions. A Shell
spokeswoman in London said Thursday that the company was in detailed discussions
in Iran to develop the Soroush and Nowruz oil fields. "We are hopeful
of an agreement soon," she said ... FULL
TEXT
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* Caspian Sea at centre of Iran, Kazakhstan call for closer ties
TEHRAN, Oct 6 (AFP) - Ties between Iran and Kazakhstan are set to become
much closer after Kazakh President Nursultan Nazarbayev wound up a two-day
visit to Tehran Wedesday with calls from both sides for greater cooperation
on oil affairs and regional security ... FULL
TEXT
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Thursday
October 7, 1999
* U.S., oil firms clash on Caspian exports
ALMATY, Oct 7 (Reuters) - Italian oil company ENI stirred up a long-standing
dispute on possible routes for oil exports from the landlocked Caspian
basin on Thursday by calling for exports through Iran. This put ENI firmly
at odds with the oft-stated wishes of the United States and Turkey, and
exposed sharp disagreements between regional powers seeking influence over
the vast and valuable energy resources of the region ... FULL
TEXT
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* Saudi Arabia to launch exclusive trade fair in Iran
TEHRAN, Oct 7 (AFP) - Saudi Arabia will hold its first trade fair since
the 1979 Islamic revolution in Tehran next month, an official from the
visiting Saudi trade delegation said, quoted by the official IRNA news
agency Thursday. "In order to expand the political-economic relations
between Tehran and Riyadh, the first exclusive Saudi (trade) fair will
be held in Tehran from November 14 to 19," said Abdullah bin Mahfuz,
director of the Saudi stand at Tehran's current international trade fair
... FULL TEXT
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* Metallgesellschaft unit wins plant engineering contract in Iran
FRANKFURT, Oct 7 (AFP) - Lurgi Zimmer, the plant construction unit of
German industrial group Metallgesellschaft (MG), has secured a contract
worth 55 million euros (58 million dollars) to to build a polyamide tyre
cord plant in Iran, MG said on Thursday ... FULL
TEXT
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Wednesday
October 6, 1999
* Majlis opens debate on Khatami's economic plan
TEHRAN, Oct 6 (AFP) - Iran's conservative-dominated parliament began
a closed-doors review of President Mohammad Khatami's five-year economic
plan on Wednesday amid criticism that the ambitious project could be unrealistic.
"Experts estimate that the plan cannot ensure the fulfilment of the
government's economic projections" of an annual growth rate of six
percent, said MP Mohammad-Baqer Nobakht, a member of parliament's directory
board, quoted in the press ... FULL
TEXT
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Tuesday
October 5, 1999
* Iranian MPs question government development plan
TEHRAN, Oct 5 (Reuters) - Iranian parliament deputies on Tuesday poured
cold water on the government's ambitious $112 billion development plan,
saying it was too general and lacked concrete answers for Iran's economic
ills. State media said the conservative-led assembly held a closed session
to review the five-year plan, which aims to boost annual growth to six
percent from the current 1.6 percent, fight high unemployment and trim
the bloated state sector ... FULL
TEXT
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* Europeans, Arabs make strong showing at Iran fair
TEHRAN, Oct 5 (Reuters) - European and Arab companies were out in force
on Tuesday at Tehran's annual international trade fair, encouraged by President
Mohammad Khatami's overtures to Western and neighbouring states. Some 1,000
companies from 85 countries and 1,500 local firms are attending the fair,
the largest in its 25-year history ... FULL
TEXT
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* Iran plans petchem plants worth $6 bln by 2005
TEHRAN, Oct 5 (Reuters) - Iran plans to build five new petrochemical
plants worth $6 billion with the help of foreign investors by March 2005,
a senior official said on Tuesday. Mohammad Khayat, a member of the board
of the National Petrochemical Company (NPC), said three of the projects
had been put to international bidding and the other two would be put on
offer ``soon,'' Iran's official news agency IRNA said ... FULL
TEXT
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* Iran seeks $10 bln foreign capital in mines, metals
TEHRAN, Oct 4 (Reuters) - Iran is seeking $10 billion in foreign and
private investment to develop its mines and metals industry, in a drive
to ease reliance on oil, Mines and Metals Minister Eshaq Jahangiri said
on Monday. Jahangiri told a news conference 100 projects would be offered
for international tender at a conference in Tehran on October 19-20. He
said 30 of the projects were in steel and aluminum but did not say if the
$10 billion included $3.5 billion in foreign capital being sought for the
steel industry ... FULL
TEXT
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* Iran seeks Saudi investment in mining sector
TEHRAN, Oct 5 (Reuters) - Iran is wooing Saudi investment in its mining
and metals industries, the official IRNA news agency said on Tuesday. IRNA
said Iran's Mines and Metals Minister Eshaq Jahangiri met Industry and
Electricity Minister Hashem bin Abdullah bin Hashem al-Yamani and a 120-strong
Saudi delegation visiting Tehran for bilaterial talks and an international
trade fair ... FULL
TEXT
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Monday
October 4, 1999
* Khatami opens Tehran's biggest international trade fair since revolution
TEHRAN, Oct 2 (AFP) - President Mohammad Khatami on Saturday opened
Iran's biggest international trade fair since the 1979 Islamic revolution,
paying particular attention to the stand of its largest European trade
partner Germany with whom ties have been strained recently. Crowds of people
gathered around the president, greeting and applauding him. More than 72
countries, 1,466 Iranian companies and 785 foreign firms are due to take
part in the fair, including Iranians representing two US drug companies
... FULL
TEXT
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