Business
Dec 11-15, 2000 / Azar 21-25, 1379
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BUSINESS NEWS INDEX
Friday,
December 15, 2000
Azerbaijan looking to export gas to Iran: Aliyev
BAKU, Dec 14 (AFP) - Azerbaijani President Heydar Aliyev said that his
country would look to export natural gas south to Iran if a contract with
Turkey is not forthcoming, official newspapers reported on Thursday. Meeting
with Turkish Deputy Energy Minister Yurdakul Yigitguden, Aliyev said that
the former Soviet state could send gas from its Shah Deniz offshore field
to other markets if talks with Ankara continued to drag on >>>
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* Azerbaijan looking to export gas to
Iran: Aliyev
* Iran to authorise $2.8 bln investment in Azadegan
* Renault confirms deal to build natural gas engines for
Iran buses
* Iran to reduce crude swap rates from January 2001
* Tehran condemns constant drop in price of crude
* Tehran to have a new airport in February
* ThyssenKrupp in shake-up
* Drought-hit Iran imports 5.6 million tonnes of wheat
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Thursday
December 14, 2000
Iran to authorise $2.8 bln investment in Azadegan
TEHRAN, Dec 13 (Reuters) - Iran's draft budget bill for the new year
starting March 2001 authorises up to $2.8 billion to be invested in the
giant Azadegan oilfield through buy-back contracts, the semi-official Iran
newspaper said on Wednesday. With an estimated six billion barrels of recoverable
reserves, Azadegan, located in the Iranian southwest, is the world's largest
find since Russia found the 5.5 billion barrel Priobye in 1982 >>>
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Renault confirms deal to build natural gas engines for Iran buses
TEHRAN, Dec 14 (AFP) - French automotive giant Renault confirmed Thursday
it will equip a number of Iranian buses with natural gas engines in collaboration
with local partner Shahab Khodro. It said the lower-pollution engines had
passed initial testing and would go into production in early 2001 in the
western city of Tabriz to outfit roughly 1,000 buses >>>
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Iran to reduce crude swap rates from January 2001
TEHRAN, Dec 14 (Reuters) - Iran's acting deputy oil minister said oil
swap rates for Turkmen and Kazakh oil would be reduced from January 1,
2001, Hambastegi newspaper reported on Thursday. Hossein Kazempour Ardebili,
who is also Iran's OPEC governor, was quoted as saying the new rate would
be $16 per tonne for Turkmen oil and $13 per tonne for Kazakh oil, because
of higher transport costs >>>
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Wednesday
December 13, 2000
Tehran condemns constant drop in price of crude
TEHRAN, Dec 13 (AFP) - Iranian Oil Minister Bijan Namdar-Zangeneh Tuesday
condemned the continuing drop in the basket price for OPEC crude and hinted
the 11-member organisation could decide to cut production. "The basket
price dropped 7.5 dollars between November 15 and December 11," the
minister said in a televised statement >>>
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Tuesday
December 12, 2000
Tehran to have a new airport in February
December 10, Teheran (dpa) - Teheran will have a new international airport
in February next year, the daily Abrar reported Sunday. Iran's ministry
of road and transportation announced that the International Imam Khomeini
Airport, named after the late revolutionary leader, will be ready in February
2001 after more than 20 years and inaugurated by Iranian pilgrims going
to Mecca, Saudi Arabia >>>
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ThyssenKrupp in shake-up
Financial Times, December 12, 2000 -- Several large shareholders of
ThyssenKrupp seem close to achieving a sweeping management reshuffle, in
an attempt to break the impasse created by the joint management structure
of the merged German engineering and steel group. The two big shareholders
controlling ThyssenKrupp are the Krupp Foundation, with 16.75 per cent,
and Iran, with a 7.51 per cent stake >>>
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Monday
December 11, 2000
Drought-hit Iran imports 5.6 million tonnes of wheat
TEHRAN, Dec 11 (AFP) - Drought-hit Iran imported 5.6 million tonnes
of wheat this year after its own production fell drastically, the state
news agency IRNA reported Monday, quoting the head of the national cereals
board. Mohammad Memarzadeh said the imports from Argentina, Australia,
Canada, France and Kazakhstan were to make up a shortfall in domestic output,
which amounted to only 4.5 million tonnes >>>
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Mideast oil producers favor Bush-Cheney win
December 11, (ABC New) -- Middle East oil producers Iran and Libya,
still under U.S. sanctions, and American oil companies prevented from working
there by those sanctions hope fervently for a Bush-Cheney victory in the
tortuous U.S. presidential election process. Oil industry and government
sources in the Middle East believe that an administration headed by Republican
George W. Bush and his running mate, Dick Cheney, would be able to stabilize
world oil prices, and also might end remaining oil sanctions against both
Iran and Libya >>>
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