Business
July 31-August 4, 2000 / Mordad 10-14, 1379
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BUSINESS NEWS INDEX
Friday,
August 4, 2000
Russia, Iran to expand cooperation on nuclear power engineering,
oil, gas
MOSCOW, Aug 4 (AFP) - Russia and Iran pledged to increase cooperation
on nuclear power engineering, oil and gas Thursday at a meeting between
Alexander Dondukov, minister for industry, science and technology, and
Iran's visiting energy minister Habibollah Bitaraf, Interfax reported.
The Russian minister's press secretary quoted the Iranian minister as saying
that the volume of joint projects, worth some 500 million dollars (547
million euros), was inadequate and fell short of both countries' potential
>>>
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U.S. oil back at $30 as OPEC supply disappoints
NEW YORK, Aug 4 (Reuters) - U.S. oil prices shot back up to $30 danger
zone on Friday as lower-than-expected supplies from producer cartel OPEC
refueled stubborn supply worries. September crude futures on the New York
Mercantile Exchange ballooned $1.30 higher to touch $30 before settling
just at $29.96 a barrel >>>
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INDEX
INDEX
* Russia, Iran to expand cooperation
* U.S. oil back at $30 as OPEC supply disappoints
* Nokia wins Iran GSM network deal
* BG teams with Iran firm to develop energy projects
* Oil ministry opposing state foundation over gas field:
paper
* Turkey to buy Iranian gas
* Putin's envoy for the Caspian calls for new legal status
* Australian Companies May Invest In Iranian Oil, Gas
* Iran's population reaches 64 million
* Bazaar calls on Khatami to look into economic crisis
* Blow to US sanctions against Iran
* Australia "confident" of boosting role in Iran
energy sector
* Shell says time running out for Turkmen gas route
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Thursday
August 3, 2000
Nokia wins Iran GSM network deal
HELSINKI, Aug 3 (Reuters) - The world's largest mobile phone maker Nokia
(NYSE:NOK - news) on Thursday said it had signed an agreement with the
Telecommunications Company of Iran (TCI) to expand its GSM mobile network
in Tehran >>>
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BG teams with Iran firm to develop energy projects
TEHRAN, Aug 3 (Reuters) - Britain's BG Group has signed an MOU with
an Iranian company to jointly develop oil and gas projects in Iran, BG's
local representative said on Thursday. Ramin Lakani told Reuters that liquefied
natural gas exports to India were at the centre of talks for future cooperation
with the Oil Industry and Engineering Company (OIEC) >>>
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Wednesday
August 2, 2000
Oil ministry opposing state foundation over gas field: paper
TEHRAN, Aug 2 (AFP) - Oil ministry officials are opposing a bid by one
of Iran's richest and most powerful state foundations to help develop the
giant South Pars gas fields in the Persian Gulf, a financial newspaper
said here Wednesday. The Akbar-e-Eqtesad daily, citing unnamed sources,
said the massive Foundation for the Disinherited is trying to negotiate
a contract for later phases of the development of South Pars >>>
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Turkey to buy Iranian gas
ANKARA, Turkey (AP) - Despite U.S. objections, Turkey signed an agreement
with Iran on Wednesday to begin importing Iranian natural gas as part of
a $20 billion, 25-year deal. The United States opposed the gas deal and
reportedly pressured Turkey to delay the imports, which originally were
to begin in January >>>
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Tuesday
August 1, 2000
Putin's envoy for the Caspian calls for new legal status
TEHRAN, August 1 (AFP) - Russian President Vladimir Putin's special
envoy on Caspian affairs called here for a speedy resolution to the Caspian
Sea's legal status, the official IRNA news agency reported Tuesday. Viktor
Kalyuzhny, who is also Russia's deputy foreign minister, arrived in Tehran
late Monday for a two-day visit at the head of a political and economic
delegation for talks with Iranian officials >>>
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Australian Companies May Invest In Iranian Oil, Gas Industries -
Min
July 31, 2000 TEHRAN (AP)--Australian Foreign Minister Alexander Downer
said Monday that his country was looking to invest in Iran 's oil and gas
industries, despite U.S. legislation banning large investments in the Iranian
energy sector >>>
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Iran's population reaches 64 million
July 29, 2000, Teheran (dpa) - Iran 's population has reached 64 million,
the state television reported Saturday. According to the latest census,
the population increased by 4 million compared to the results of the last
census in 1996, according to Iran 's Statistics Organisation said >>> FULL TEXT
INDEX
Monday
July 31, 2000
Bazaar calls on Khatami to look into economic crisis
TEHRAN, July 30 (AFP) - In an unprecedented open letter to moderate
Iranian President Mohammad Khatami, members of Iran's powerful bazaar association
called on the head of state Sunday to look into the country's economic
"crisis." In the letter, published Sunday in the conservative
newspaper Ressalat, the conservative 2,500-member bazaar association told
Khatami that Iran's current "economic crisis represents a threat more
than ever." >>>
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Blow to US sanctions against Iran
Financial Times, July 28, 2000 -- Iran signed its biggest deal so far
with a foreign energy group on Thursday when it concluded a $3.8bn agreement
with Eni of Italy to develop the South Pars natural gas field in the Gulf.
The project with Eni is the latest blow to US attempts to limit foreign
investment in Iran's energy sector, which provides much of the country's
hard currency earnings and the overwhelming proportion of government revenues
>>>
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Australia "confident" of boosting role in Iran energy sector
TEHRAN, July 31 (AFP) - Australian Foreign Minister Alexander Downer
on Monday wound up two days of talks with Iranian officials here "confident"
Australia would play a growing role in Iran's lucrative energy sector.
"I feel confident Australian companies will have better opportunities
to bid successfully for investments in oil and gas," Downer told a
press conference after meetings with officials including President Mohammad
Khatami >>>
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Shell says time running out for Turkmen gas route
ASHGABAT, July 31 (Reuters) - Anglo-Dutch oil and gas giant Royal Dutch/Shell
(quote from Yahoo! UK & Ireland: SHEL.L) said on Monday that time was
running out for Turkmenistan if it wanted to go ahead with the ambitious
trans-Caspian natural gas export pipeline to Turkey. Gavin Graham, vice
president of Shell's Central Asian operations, told reporters that alternative
supplies from Azerbaijan, which is far closer to Turkey, would replace
Turkmen gas unless Turkmenistan gave the go-ahead quickly >>>
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