Business
August 14-18, 2000 / Mordad 24-28, 1379
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BUSINESS NEWS INDEX
Friday,
August 18, 2000
Iran decries heavy domestic oil product consumption
TEHRAN, Aug 17 (Reuters) - Iran's consumption of oil products exceeds
international norms by an order of 10, forcing it to import six million
litres of gasoline per day, the official IRNA news agency said on Thursday.
IRNA quoted deputy oil minister Ali Aqababaei as saying average daily consumption
of oil products was estimated at 46 million litres, enough to put the country
on a par with India, which has more than 12 times the population >>> FULL TEXT
INDEX
INDEX
* Iran decries heavy domestic oil product
consumption
* Japan Energy Delegation to Visit Iran
next Week
* Nokia wins expansion of Tehran mobile network
* Railway ties Amman, Damascus, Tehran
* OPEC to raise output capacity by 1.1 mln bpd in 2001
* Reformist MP points the finger at conservatives
over economy
* Iran threatens to cut electrical flow to Azerbaijan over
non-payment
* Major gas find worth 4.7 billion dollars
* Parliament speaker defends Khatami's economic record
* Government merges four key economic ministries
* Newspaper folds because of financial difficulties
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Monday | Tuesday | Wednesday
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Thursday
August 17, 2000
Japan Energy Delegation to Visit Iran next Week
>>>TOKYO,
Aug 16 (Reuters) - A Japanese government delegation will visit Iran, Japan's
third-largest source of oil, early next week for a first-ever round of
high-level bilateral energy talks, a Ministry of International Trade and
Industry (MITI) official said on Wednesday. He said the talks would focus
on general energy issues and were unlikely to discuss specifics on financial
aid and investment for Iran or oil and gas supplies to Japan FULL
TEXT
INDEX
Nokia wins expansion of Tehran mobile network
Middle East Economic Digest, August 18, 2000 -- Finland's Nokia has
been chosen to expand and upgrade the Tehran mobile phone network. The
GSM 900 network will help to raise capacity in the capital to about 1.5
million subscribers in mid-2001.The company announced the contract from
the Telecommunications Company of Iran (TCI) in early August. Nokia is
to provide a capacity for 300,000 subscribers on the radio network and
650,000 subscribers on the switching side, a company official in Tehran
said >>>
FULL TEXT
INDEX
Railway ties Amman, Damascus, Tehran
Ausgut 15, 2000, AMMAN, Jordan (AP) - Plans to link the capitals of
Jordan and Iran via Syria are underway in a bid to encourage religious
tourism, Hijaz Railway Corp. Director General Abdul Razaq Abul Feilat said
Tuesday. Rail travel between Amman and Damascus, Syria has been available
for over a year. Abul Feilat told The Associated Press negotiations between
Syrian and Iranian officials are underway to start rail travel between
Tehran, Iran and the northern Syrian city of Aleppo, and from there on
to Damascus and Amman
>>> FULL TEXT
INDEX
Wednesday
August 16, 2000
OPEC to raise output capacity by 1.1 mln bpd in 2001
NEW YORK, Aug 16 (Reuters) - Oil cartel OPEC's limited spare production
capacity, will rise by about 1.1 million barrels per day (bpd) by the end
of next year, giving the cartel a little leverage to ease tight supply,
according to a Reuters survey on Wednesday. Nine of the eleven strong cartel
are pumping at full capacity after a 2.4 million bpd rise in the group's
supply quotas this year, and the lack of spare supply has helped to push
current prices well above the group's $25 to $28 a barrel target level.
Benchmark Brent this week hit 10-year highs of $32.80 >>>
FULL TEXT
INDEX
Tuesday
August 15, 2000
Reformist MP points the finger at conservatives over economy
TEHRAN, Aug 15 (AFP) - A reformist Iranian MP and close ally of President
Mohammad Khatami said Tuesday that conservatives were hampering the government's
efforts to address the nation's economic crisis. "The government needs
calm and tranquility to plan and to fix the problems, while certain groups
are preventing this," Majid Ansari said, cited by the state news agency
IRNA >>>
FULL TEXT
INDEX
Iran threatens to cut electrical flow to Azerbaijan over non-payment
TEHRAN, Aug 15 (AFP) - Iran on Tuesday threatened to cut off electricity
to the autonomous Azerbaijani republic of Nakhichevan over non-payment
of bills, the official IRNA news agency reported. Nakhichevan's power flow
from Iran has been interrupted several times in the past few years for
financial reasons, IRNA said, citing a local official >>>
FULL TEXT
INDEX
Monday
August 14, 2000
Major gas find worth 4.7 billion dollars
TEHRAN, Aug 13 (AFP) - Iran has discovered a major gas field in the
south of the country with estimated reserves worth 4.7 billion dollars,
the official IRNA news agency said Sunday >>>
FULL TEXT
INDEX
Parliament speaker defends Khatami's economic record
TEHRAN, Aug 14 (AFP) - Iranian Parliament Speaker Mehdi Karubi on Monday
defended the economic record of President Mohammad Khatami, who has come
under attack for neglecting the country's economic woes. "Considering
that Khatami's propaganda slogan has been reforms and political development,
some people think he hasn't paid much attention to the economy," Karubi
said, as cited by the state news agency IRNA >>>
FULL TEXT
INDEX
Government merges four key economic ministries into two
TEHRAN, Aug 14 (AFP) - Iran has approved the merging of four key economic
ministries into two to make them more efficient and streamline bureaucracy,
the centrist Entekhab newspaper reported Monday. The move, approved on
Sunday, will merge into one the ministries of agriculture and reconstruction.
The reconstruction ministry was created following the 1979 Islamic revolution
with the task of developing rural areas >>>
FULL TEXT
INDEX
Newspaper folds because of financial difficulties
TEHRAN, Aug 14 (AFP) - A newspaper geared towards housewives has stopped
publishing because of financial problems, the state news agency IRNA said
Monday. "We have done all we could do, sold all we could sell, but
the expenses are too much and we cannot continue," said Hossein Ferdos,
director Sobh-e-Khanevadeh, or Family Morning >>>
FULL TEXT
INDEX
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