Business
September 6-10, 1999 / Shahrivar 15-19, 1378
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Today
* U.S. group chides Clinton for lost
Iran food sales
* Iran gas tanker explodes, 17 die
* Azerbaijan: Options unfold for Caspian Sea gas project
Previous
* Canada will not sell nuclear program
to Iran
* Saudi, Iran stay scrap over OPEC job
* Iran moves cautiously on Asia oil demand
* Oil rally hits $22, has more in the tank
* Iran looks to boost tourism, quell fears
* Elf-Aquitaine candidate to operate Iranian gas field
* Paper says OPEC should consider Tehran's candidate
* Iran says may not give Russia new nuclear deals
* Iran set to create first non-governmental bank 14
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$ Rate
Updated September 10, 1999
* Buying: 880-890 tomans per dollar
* Selling: 895 tomans per dollar
Source: Sehaty Foreign Exchange. Call in U.S.: 480-595-0778 OR
500-288-8881, Fax: 480-595-0222. Address: PO Box 3230, Carefree,
AZ 85377, USA. Mention this code for a better rate:
FA37B
Friday,
September 10, 1999
* U.S. group chides Clinton for lost Iran food sales
WASHINGTON, Sept 10 (Reuters) - A leading advocate of U.S. sanctions
reform criticized the Clinton administration on Friday for lost food sales
to Iran. In a statement, the group USA Engage said new rules issued by
the Treasury Department over one month ago have failed to generate any
significant new sales ... FULL
TEXT
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* Iran gas tanker explodes, 17 die
DUBAI, United Arab Emirates (AP) - Seventeen people were killed and
115 others were injured when a gas tanker exploded after colliding with
a truck in central Iran, the Islamic Republic News Agency reported Friday
... FULL
TEXT
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* Azerbaijan: Options unfold for Caspian Sea gas project
Boston, 9 September 1999 (RFE/RL) -- Azerbaijan has outlined a series
of options for exporting its Caspian Sea gas to Turkey, as pressure mounts
on Turkmenistan to compromise on its Caspian claims. Officials of Azerbaijan's
state oil company SOCAR said late last week that they are considering four
alternatives for gas exports from their newly found resources at the Shakh-Deniz
offshore fields. Only two options involve cooperating with Turkmenistan,
which hopes to build a trans-Caspian pipeline to Turkey for its own gas
... FULL
TEXT
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Thursday
September 9, 1999
* Canada will not sell nuclear fusion program to Iran
OTTAWA, Sept 9 (Reuters) - Canada said on Thursday it had blocked a
plan to sell its experimental nuclear fusion programme to Iran because
it feared Tehran might be able to use the technology to obtain atomic weapons
... FULL
TEXT
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* Saudi, Iran stay on course for scrap over OPEC job
DUBAI, Sept 9 (Reuters) - Oil giants Saudi Arabia and Iran remain on
course for a showdown later this month when OPEC ministers meet in Vienna
to decide who will assume the group's top job as secretary-general. OPEC
delegates said on Thursday there was no sign that either side would step
down to allow the other's candidate a clear run for the job. Any decision
to replace Nigeria's Rilwanu Lukman must be approved by all 11 OPEC member
states ... FULL
TEXT
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* Iran moves cautiously on Asia oil demand
DUBAI, Sept 9 (Reuters) - Iran expects a strong turnaround in Asian
demand for oil in 2000 but will focus on its traditional customers when
production cuts are lifted, a senior Iranian oil marketing official said
on Thursday. "Provided the growth that everyone is expecting to see
in the Far East, we expect demand for barrels to be very good," said
Hojatollah Ghanimi Fard, the National Iranian Oil Company's (NIOC) director
for International Affairs ... FULL
TEXT
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Wednesday
September 8, 1999
* Oil rally hits $22, has more in the tank
LONDON, Sept 8 (Reuters) - Oil importers on Wednesday were facing the
prospect of a severe winter price spike as OPEC exporters prepared to turn
the screw on stringent supply restrictions. Benchmark Brent crude in London
was valued at $21.90 a barrel after jumping more than 60 cents on Tuesday
to $22.04, the highest oil price since February 1997 ... FULL
TEXT
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Tuesday
September 7, 1999
* Iran looks to boost tourism, quell fears
TEHRAN, Sept 7 (AFP) - Iran's state tourism board wants laws put in
place to protect foreign tourists amid fears last month's kidnapping of
four Westerners is harming the industry, officials said Tuesday. "No
one should have the right to play with the lives of foreign tourists and
harm the interests of the country," said Hassan Emami, director of
the board's international division ... FULL
TEXT
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* Elf-Aquitaine candidate to operate Iranian Pars Sud gas field:
report
PARIS, Sept 6 (AFP) - The French oil group Elf-Aquitaine has made proposals
to operate one of the biggest natural gas fields in the world at South
Pars in Iran, the Les Echos newspaper reported on Monday ... FULL TEXT
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* Iran paper says OPEC should consider Tehran's candidate
TEHRAN, Sept 6 (AFP) - An Iranian newspaper on Monday urged OPEC to
give strong consideration to Iran's candidate for secretary general of
the oil group, saying the Islamic republic's role in getting crude prices
to rebound was "pivotal." "OPEC members realise that at
the present sensitive juncture the name of the game is solidarity, which
has been strongly upheld and enforced by Iran," said the English-language
Iran Daily, widely read by diplomats here ... FULL
TEXT
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Monday
September 6, 1999
* Iran says may not give Russia new nuclear deals
TEHRAN, Sept 6 (Reuters) - Tehran has threatened to withhold further
nuclear contracts from Russia, accusing it of failing to fulfil commitments
on building an atomic power plant in Iran, an Iranian newspaper reported
on Monday ... FULL
TEXT
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* Iran set to create first non-governmental bank
TEHRAN, Sept 4 (Reuters) - Iran plans to set up its first non-governmental
bank since the 1979 Islamic revolution as part of moves to reduce the state's
domination of the economy, a cabinet minister said on Saturday ... FULL
TEXT
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