Business
August 21-25, 2000 / Mordad 31-Shahrivar 4, 1379
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BUSINESS NEWS INDEX
Friday,
August 25, 2000
Japan sets its sights on opportunities in Iran
Financial Times (London), August 24, 2000 -- Japan was to defy the world
again more than four decades later when several countries withdrew their
ambassadors from Tehran in 1997 after a German court linked Iran with the
assassination of Kurdish leaders in Berlin. Japan stopped official dialogue
for a few months but took no other action >>>
FULL TEXT
Tehran moves to encourage more inward investment
Financial Times (London), August 24, 2000 -- Iran's parliament yesterday
approved a draft law to encourage direct foreign investment, a move welcomed
by the foreign business community as a step in the right direction. However,
businessmen warned that a conflict of interests with the Islamic Republic's
constitution could still throw up significant barriers >>>
FULL TEXT
"Problem" forces flight to return to Tehran
TEHRAN, Aug 25 (AFP) - An unspecified "problem" forced a Paris-bound
Iran Air Boeing 747 to return to Tehran's Mehrabad airport Friday minutes
after taking off, passengers told an AFP correspondent after landing >>> FULL
TEXT
INDEX
INDEX
* Japan sets its sights on opportunities
in Iran
* Tehran moves to encourage more inward investment
* "Problem" forces flight to return to Tehran
* Iran think-tank seeks gas exporters' union
* Iran ends state monopoly on caviar exports
* Norway's Saga wins drilling contract in Iran's western
provinces
* Iran Air says capacity hit by costs, U.S. sanctions
* Tax revenues up in smoke as two out of three cigarettes
contraband
* Parliament approves direct foreign investment * Clinton to push OPEC to lower oil prices
* Iran 's buyback negotiator set for London post
* Iran to create "tourist police" to protect foreign
visitors
* Doom and gloom among carpet makers as Tehran fair opens
* Parliament mulling ways to boost foreign investment
* Kharrazi suggest long-term oil contract with S. Africa
* Japanese energy delegation arrives in Tehran
* Iran says it makes big oil, gas find
* Iran says it holds up to three billion barrels of oil
in Caspian
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Thursday
August 24, 2000
Iran think-tank seeks gas exporters' union
STAVANGER, Norway, Aug 24 (Reuters) - An Iranian think tank said on
Thursday it had proposed to the country's energy ministry the formation
of an international gas exporters' cartel as a forum to share experience
and plan strategy.
"We have proposed to the ministry an idea to form a union of gas
exporting states... We want to learn from each other," Seyed Abdoljabad
Alavi, director of international affairs at the Institute for International
Energy Studies, told a group at the Offshore Northern Seas conference >>> FULL
TEXT
INDEX
Iran ends state monopoly on caviar exports
TEHRAN, Aug 24 (AFP) - Iran has ended its state monopoly on the export
of caviar in a bid to revive the sluggish industry, the director of the
national fisheries industry said in Thursday's newspapers. Khodakaram Jalali
said "interested firms" would be supplied with sturgeon in a
bid to encourage the private sector, as the price of caviar has skyrocketed
some 70 percent in the past year >>>
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INDEX
Norway's Saga wins drilling contract in Iran's western provinces
TEHRAN, Aug 24 (AFP) - Norway's Saga Petroleum has won the exploration
and drilling contract for oil-rich areas near Iran's western city of Dehloran,
the official IRNA news agency reported Thursday. It cited provincial officials
saying that Saga had signed the contract with Iranian oil authorities and
would begin seismographic research and drilling soon >>>
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INDEX
Iran Air says capacity hit by costs, U.S. sanctions
TEHRAN, Aug 24 (Reuters) - Iran 's national airline cannot increase
capacity in line with growing demand because of U.S.-imposed sanctions
and budget limitations, the airline's managing director said. "Because
of financial limitations and the issue of sanctions, plans to add to our
airliners were scrapped," Ahmad Reza Kazemi was quoted by Kar Va Kargar
newspaper as saying on Thursday >>>
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INDEX
Tax revenues up in smoke as two out of three cigarettes contraband
TEHRAN, Aug 24 (AFP) - Iran is losing out on tax revenue from tobacco
because two out of three cigarettes smoked nationwide are smuggled into
the country, the official IRNA news agency said Thursday. "Currently
45 billion cigarettes are smoked annually in Iran, 30 billion of which
are smuggled into the country without earning any tax revenue for the government,"
free-trade zone official Hossein Nasiri said, cited by IRNA >>>
FULL TEXT
INDEX
Wednesday
August 23, 2000
Parliament approves direct foreign investment
TEHRAN, Aug 23 (AFP) - Iran's reformist parliament on Wednesday passed
legislation that would for the first time authorise and protect direct
foreign investments in Iran. The bill marks a success for the reform movement
of President Mohammad Khatami, who has been under fire for his inability
to revive the sluggish economy >>>
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INDEX
Clinton to push OPEC to lower oil prices
WASHINGTON (Reuters) - President Clinton said Wednesday that crude oil
prices were too high and that they needed to drop to sustain economic growth,
adding that he would discuss OPEC output with members of the oil cartel.
Speaking to reporters, Clinton said he would bring up the issue of OPEC
oil output with Nigerian President Olusegun Obasanjo during his visit to
the African nation this weekend. Nigeria is a member of OPEC and the cartel
meets in Vienna on September 10 to discuss its new production levels >>>
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INDEX
Iran 's buyback negotiator set for London post
LONDON, Aug 22 (Reuters) - Veteran Iranian oil and gas buyback negotiator
Seyed Mehdi Hosseini is heading to the National Iranian Oil Company's London
branch to run the KALA upstream oil procurement arm, industry sources said
on Tuesday. Deputy Oil Minister Hosseini - who hammered out a number of
buyback development deals with foreign oil companies - is due to arrive
in about three months to take over from Ardeshir Fathi Nejad, an oil executive
said >>>
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INDEX
Iran to create "tourist police" to protect foreign visitors
TEHRAN, Aug 23 (AFP) - Iran's tourist organisation will set up a special
security force in cooperation with the country's police aimed at protecting
foreigners visiting the country, the Khorassan daily reported Wednesday.
According to the report, the new "tourist police" will be charged
with protecting tourists "across the country's main tourist attraction
centers and cities as well as airports and transportation terminals,"
said Rasoul Akbari, head of the Khorassan tourism organisation >>> FULL TEXT
INDEX
Tuesday
August 22, 2000
Parliament mulling ways to boost foreign investment
TEHRAN, Aug 22 (AFP) - Iran's reformist parliament held a closed-door
session Tuesday to discuss ways of lowering the barriers to foreign investment
in the Islamic republic, sources told AFP. Economy Minister Hossein Namazi,
Intelligence Minister Ali Yunessi and central bank chief Mohsen Nourbakhsh
were among the participants but there were no further details available
on the session, they said >>>
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INDEX
Doom and gloom among carpet makers as Tehran fair opens
TEHRAN, Aug 22 (AFP) - Carpets from across Iran went on show at Tehran's
ninth carpet fair Tuesday, but exporters were gloomy about the future of
the country's most famous craft in the face of bureaucratic obstacles and
competition from inferior foreign products. A total of 130,000 precious
carpets from all 28 provinces will be on show for six days at the fair
organised by the trade ministry. Persian carpets, regarded as the best
in the world, are the country's second most important export after oil,
with some eight million of the country's 62 million people involved in
the industry >>>
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INDEX
Kharrazi suggest long-term oil contract with S. Africa
PRETORIA, Aug 22 (AFP) - Iranian Foreign Minister Kamal Kharazi said
Tuesday he hoped along-term oil contract could be concluded between his
country and South Africa. "I'm here to upgrade the level of trade
between South Africa and Iran," he told journalists in Pretoria at
the start of the fifth meeting of the South-African-Iran joint economic
commission >>>
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INDEX
Monday
August 14, 2000
Japanese energy delegation arrives in Tehran
TEHRAN, Aug 21 (AFP) - A Japanese delegation arrived in Tehran Monday
for two days of meetings with Iranian officials, state radio said, in what
are the first-ever high-level direct energy talks between the two nations.
The delegation, linked to Tokyo's powerful Ministry of International Trade
and Industry (MITI), is to meet Oil Minister Bijan Namdar-Zanganeh and
central bank chief Mohsen Nourbakhsh, it said >>>
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INDEX
Iran says it makes big oil, gas find
TEHRAN (Reuters) - Iran has made new discoveries of 1.07 billion barrels
of oil and 800 billion cubic feet of gas, an energy official was quoted
on Sunday as saying. Mahmoud Mohaddes, director of exploration at the National
Iranian oil company, told state television that more reserves could be
found after drilling a number of appraisal wells in the Changuleh field
in western Ilam province
>>> FULL TEXT
INDEX
Iran says it holds up to three billion barrels of oil in Caspian
TEHRAN, Aug 21 (AFP) - Iran said Monday that the oil reserves in its
part of the Caspian Sea amount to between 2.5 and three billion barrels,
state radio reported. "Preliminary studies of the Caspian Sea reveal
that some 2.5 to 3 billion barrels belong to Iran," said Mehdi Mir-Moezi,
the deputy head of the National Iranian Oil Company, cited by the radio
>>>
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