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January 18-21, 2000 / Dey 28-Bahman 1, 1378

News | Sports | Arts | Rights | Community

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* Oil rises as OPEC trio seeks longer cuts
* Libyan, Iranian and Algerian oil ministers meet in Tripoli

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* German businessman to leave Iran soon after trial
* Central bank intervention boosts rial to near eight-month high
* German businessman to leave Iran soon: MPs
* Khatami says Persian Gulf will always be Persian

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Friday,
January 21, 2000

* Oil rises as OPEC trio seeks longer cuts

LONDON, Jan 21 (Reuters) - Oil markets rose after OPEC oil ministers from Iran, Libya and Algeria urged the cartel to prolong deep output cuts for another six months. Brent benchmark crude for March was last traded 25 cents a barrel higher at $26.35. The contract leaped a full dollar higher to $27.11 a barrel, its highest since the Gulf War in 1991, before slipping to a softer close >>> FULL TEXT

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* Libyan, Iranian and Algerian oil ministers meet in Tripoli

TRIPOLI, Jan 21 (AFP) - Oil ministers from OPEC member countries Libya, Iran and Algeria held talks Friday in Tripoli on developments in the oil market, the official JANA news agency reported. Iranian Oil Minister Bijan Namdar-Zangheneh discussed with his counterparts from Libya, Abdullah Salem al-Badri, and Algeria, Chakib Khalil, "the development of prices and respect by OPEC members and non-members for their production quotas," JANA added >>> FULL TEXT

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Thursday
January 20, 2000

* German businessman to leave Iran soon after trial

TEHRAN, Jan 20 (Reuters) - An Iranian court on Thursday fined German businessman Helmut Hofer, once held on death row for illicit sex with a Moslem woman, on a minor assault charge, paving the way for his return to Germany, his lawyer said. ``He is free as of right now. We are off to pay his...fine,'' attorney Naser Taheri told reporters after the closed court session. ``He may stay or leave. He may do as he likes.'' >>> FULL TEXT

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Wednesday
January 19, 2000

* Central bank intervention boosts rial to near eight-month high

TEHRAN, Jan 19 (AFP) - Intervention by Iran's central bank in foreign exchange markets over the last two days has boosted the rial to near eight-month highs against the dollar, foreign exchange dealers said >>> FULL TEXT

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Tuesday
January 18, 1999

* German businessman to leave Iran soon: MPs

BERLIN, Jan 17 (AFP) - A German businessman who has spent almost two years in an Iranian jail after being found guilty of having sex with a Muslim woman is likely to return home soon despite a new charge levelled against him, German MPs returning from Iran said Monday. Helmut Hofer was surprisingly calm when the parliamentary delegation met him, several of the MPs said >>> FULL TEXT

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* Khatami says Persian Gulf will always be Persian

BANDAR ABBAS, Iran, Jan 18 (AFP) - The Gulf will always be Persian and that is history's verdict, Iranian President Mohammad Khatami said Tuesday as he started a three-day visit to the Gulf port of Bandar Abbas. "The description is not a simple word, but reflects an historic truth, which relates to the glorious history and the great people of Iran," Khatami said, speaking in front of tens of thousands of people. The president said the Gulf's Persian character was "history's verdict" >>> FULL TEXT

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Monday
January 17, 1999

NONE

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