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Dec 11-15, 2000 / Azar 21-25, 1379

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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 >>> FULL TEXT



* 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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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 >>> FULL TEXT


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 >>> FULL TEXT


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 >>> FULL TEXT


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 >>> FULL TEXT


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 >>> FULL TEXT


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 >>> FULL TEXT


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 >>> FULL TEXT


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 >>> FULL TEXT


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