Business
September 20-24, 1999 / Shahrivar 29-2 Mehr, 1378
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Today
* Sting in the tail for OPEC success
story
Previous
* Rial reform seen as risky way to draw
funds
* Iran says close to offshore deals with Shell
* Khatami sends "oil message" to Saudi crown
prince
* Oil prices dip as OPEC ministers consult
* Khatami reappoints liberal Iran central bank head
* Iran says won't back down in OPEC sec-gen race
* Austrian president first EU leader to visit Iran
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$ Rate
Updated September 22, 1999
* Buying: 850-870 tomans per dollar
* Selling: 874 tomans per dollar
Source: Sehhaty Foreign Exchange. Call in U.S.: 877-SEHHATY (734-4289)
or 800-995-0264, Fax: 480-595-0222. Address: PO Box 3230,
Carefree, AZ 85377, USA. Mention this code for a
better rate: FA37B
Thursday
September 23, 1999
* Sting in the tail for OPEC success story
VIENNA, Sept 23 (Reuters) - Riding high on oil's wheel of fortune OPEC
finds itself master again of the global energy market. How long can it
last? Just a year ago the Organisation of the Petroleum Exporting Countries
was on its knees. Internal disputes over how to deal with a glut had sent
prices crashing below $10 a barrel. Now oil ministers, who on Wednesday
endorsed tight export limits, are savouring the prospect of a winter windfall
to restore revenues while the West frets that rising energy costs will
reignite inflation ... FULL
TEXT
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Wednesday
September 22, 1999
* Rial reform seen as risky way to draw funds
DUBAI, Sept 22 (Reuters) - Floating Iran's rial could help attract badly
needed foreign investment, but without sound management the move risks
prompting capital flight and inflation which could scupper the reform,
analysts said on Wednesday ... FULL
TEXT
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* Iran says close to offshore deals with Shell
VIENNA, Sept 22 (Reuters) - Iranian Oil Minister Bijan Zanganeh said
on Wednesday his country was close to agreeing oil deals with Shell. When
asked if Iran was near signing oil contracts he said ``Yes, we are very
close with Shell for offshore projects.'' ... FULL
TEXT
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Tuesday
September 21, 1999
* Khatami sends "oil message" to Saudi crown prince
TEHRAN, Sept 21 (AFP) - Iranian President Mohammad Khatami sent a message
on "oil questions" to Saudi Crown Prince Abdullah bin Abdel Aziz
Tuesday, amidst rumours that the two countries had cut a deal over the
appointment of the next head of OPEC ... FULL
TEXT
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* Oil prices dip as OPEC ministers consult
LONDON, Sept 21 (Reuters) - Oil prices dipped on Tuesday in a bout of
profit-taking but fundamentals were still seen positive as OPEC ministers
gathered in Vienna for a meeting to review the impact of their output curbs
on the market. By 1058 GMT November Brent stood 18 cents weaker at $22.48
a barrel following early selling pressure from further pre-OPEC profit
taking, and the additional pressure of liquidation ahead of the expiry
of the New York near month crude contract ... FULL
TEXT
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Monday
September 20, 1999
* Khatami reappoints liberal Iran central bank head
TEHRAN, Sept 20 (Reuters) - Iranian President Mohammad Khatami's decision
to reappoint Mohsen Nourbakhsh, a liberal economist, as central bank governor
signals his commitment to gradual market reforms, analysts said on Monday
... FULL
TEXT
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* Iran says won't back down in OPEC sec-gen race
DUBAI, Sept 20 (Reuters) - Iran said on Monday it would not support
any candidate but its own in the race for OPEC secretary-general. An Iranian
oil official told Reuters from Tehran that it would block any non-Iranian
candidate if it could not work out a deal with fellow OPEC heavyweight
Saudi Arabia for their two candidates to serve consecutive three-year terms
... FULL
TEXT
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Friday,
September 17, 1999
* Austrian president first EU leader to visit Iran
VIENNA, Sept 17 (Reuters) - Austrian President Thomas Klestil will make
a state visit to Iran on September 20-21, making him the first head of
state from the European Union to visit the country since the 1979 Islamic
Revolution. The president's office said on Friday that Klestil had accepted
an invitation from Iranian President Mohammad Khatami for an official working
visit to discuss developing and expanding bilateral relations ... FULL
TEXT
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