Business
July 17-21, 2000 / Tir 27-31, 1379
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BUSINESS NEWS INDEX
Thursday
July 27, 2000
Italy's ENI to sign huge gas contract in Iran
TEHRAN, July 27 (AFP) - The Italian firm ENI is to sign a major contract
Thursday giving it rights to gas extraction in the South Pars region of
the Gulf in a deal believed to be the biggest between Iran and a foreign
company since the Islamic revolution of 1979. The deal, which puts Italy
among Iran's leading partners in the energy sector, initially covers the
development of stages (geographic zones) four and five of an eight-stage
project, according to ENI's office in Tehran >>>
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INDEX
Malaysian firm to establish distribution center in Iran
KUALA LUMPUR, July 27 (AFP) - A Malaysian port operator and an Iranian
company will jointly set up a distribution centre at Iran's Shahid Rajaie
Port at Bandar Abbas, the official Bernama news agency said Thursday. Bernama
said the Port Klang Authority and Tidewater Marine Services Co. of Iran
had formed a joint venture company called Tide Klang Joint Stock Co >>> FULL
TEXT
INDEX
INDEX
* Italy's ENI to sign huge gas contract
in Iran
* Malaysian firm to establish distribution center in Iran
* Zanganeh says Iran open to selling gas to Kuwait
* Kuwait denies knowledge of Saudi oil hike, stresses OPEC
unity
* Iran calls for producer and consumer-friendly oil price
stabilization
* Iran to sign big oil, gas contract
* UN team evaluates damages of unprecedented drought in
Iran
* Iran denies offering drinking water supply to Kuwait
* Tehran to gain more German cover
* Kuwait welcomes drinking water offer from Iran
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Wednesday
July 26, 2000
Zanganeh says Iran open to selling gas to Kuwait
TEHRAN, July 26 (AFP) - Iranian Oil Minister Bijan Namdar-Zanganeh said
Wednesday that Iran is open to selling natural gas to Kuwait, the official
IRNA news agency reported. Zanganeh's statement came following discussions
here earlier in the day with Kuwaiti Oil Minister Sheikh Saud Nasser al-Sabah,
who said Kuwait was interested in buying gas from Iran >>>
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INDEX
Kuwait denies knowledge of Saudi oil hike, stresses OPEC unity
TEHRAN, July 26 (AFP) - Kuwait's oil minister said here Wednesday he
had no confirmation of reports that Saudi Arabia has hiked its oil output,
adding he hoped the skittish market would right itself in the coming days.
"We have no confirmation of what has been reported in the media on
this issue," Sheikh Saud Nasser al-Sabah said at a joint press conference
with his Iranian counterpart Bijan Namdar-Zanganeh after three days of
talks >>>
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INDEX
Tuesday
July 25, 2000
Iran calls for producer and consumer-friendly oil price stabilization
TEHRAN, July 25 (AFP) - Iranian President Mohammad Khatami called Tuesday
for a stabilization of oil prices on the world market in the interests
of both producers and consumers, Iranian television reported. Khatami,
meeting with visiting Kuwaiti Oil Minister Sheikh Saud Nasser al-Sabah,
emphasized the need for a "rational stabilization of the oil prices
so as not to hurt consumers and producers."
>>> FULL TEXT
INDEX
Monday
July 24, 2000
Iran to sign big oil, gas contract
TEHRAN, Iran (AP) - In the biggest deal of its kind, Iran this week
will sign a $4.3 billion contract to develop a massive gas field in the
Persian Gulf, the official daily newspaper, Iran, reported Sunday. It quoted
what it called informed sources as saying the contract to develop the South
Pars gas field would be signed Thursday with Italy's ENI and Petro-Pars
of Iran. The two companies will develop several phases of the project,
Iran said without elaborating >>>
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INDEX
UN team evaluates damages of unprecedented drought in Iran
TEHRAN, July 24 (AFP) - A United Nation's mission has begun evaluating
the damage from a widespread drought in Iran that Tehran estimates has
caused some 1.7 billion dollars worth of damage, the official IRNA news
agency reported Monday. During their two-week visit, the UN team is expected
to travel to numerous drought-stricken provinces in the country, IRNA said
>>>
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INDEX
Iran denies offering drinking water supply to Kuwait
TEHRAN, July (AFP) - Iran on Sunday denied Kuwaiti press reports that
Tehran has offered to supply Kuwait with some 200 million gallons (760
million litres) of drinking water a day, the official IRNA news agency
reported. "Following the drought and water shortage in the country,
we have no plans for the exportation of water to other Persian Gulf countries,
including Kuwait," Iran's Energy Minister Habibollah Bitaraf said,
as cited by IRNA >>>
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INDEX
Friday,
July 21, 2000
Tehran to gain more German cover
Middle East Economic Diges July 21, 2000 -- Germany plans to raise export
credit cover to DM 1,000 million ($485 million) and may offer more help
to German firms taking part in big projects. Germany's improved terms for
trade and project finance were announced on 10 July during President Khatami's
visit there (see Seven Days >>>
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INDEX
Kuwait welcomes drinking water offer from Iran
KUWAIT CITY, July 21 (AFP) - Kuwait has welcomed an Iranian offer to
supply up to 200 million gallons (760 million litres) a day of drinking
water from the river Karun which flows by Abadan in south-west Iran, a
newspaper reported Friday. "Kuwait has no objection to the offer,
provided the price of the water is right," Electricity and Water Minister
Adel al-Sabih told Al-Rai Al-Aam daily >>>
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