Business
May 30-June 2, 2000 / Khordad 10-13, 1379
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BUSINESS NEWS INDEX
Friday,
June 2, 2000
* Fire hits oil pipeline in southern Iran
TEHRAN, June 2 (AFP) - A raging fire erupted Friday on a stretch of
oil pipeline in southwest Iran, the official IRNA news agency reported
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* Turkmen price stance clouds Caspian gas line future
ASHGABAT, June 2 (Reuters) - The prospects for a U.S.-backed trans-Caspian
gas pipeline project receded further on Friday after Turkmenistan's president
said he would never lower gas export prices, as suggested by the consortium
building the link. His remarks come just days after President Saparmurat
Niyazov pledged to sell large amounts of gas every year to Russia, effectively
depriving the planned pipeline of its supply source. He has also spoken
of a dispute with the consortium >>>
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Previous
* Fire hits oil pipeline in southern
Iran
* Turkmen price stance clouds Caspian gas line future
* Iran Says Wants to Create Market for Caspian Crude
* U.S. Holds Firm On Sanctions On Iran Energy Market - Official
* Increases in oil prices could lead to rise in output: Iran
* U.S. Trade Initiative No Bonanza
* Crude oil prices sink
* Iran detains tanker carrying Iraqi crude: agency
* Iran to raise oil production capacity
by 25 percent
* Iran, India to study gas pipeline through
Pakistan
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Thursday
June 1, 2000
* Iran Says Wants to Create Market for Caspian Crude
LONDON, May 31 (Reuters) - Iran intends to become a major consumer of
Caspian Sea crude oil to bolster economic and political ties with its northern
neighbours, a senior Iranian oil official said on Wednesday. "Iran
could guarantee at least a 500,000 barrels per day (bpd) market inside
the country for crude oil from Kazakhstan, Azerbaijan and Turkmenistan,"
said Hossein Kazempour Ardebili, senior adviser to Oil Minister Bijan Zanganeh
>>>
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* U.S. Holds Firm On Sanctions On Iran Energy Market - Official
May 31, 2000, LONDON -(Dow Jones)- U.S. Secretary of State for the Caspian
John Wolf said Wednesday there had been no change in U.S. policy on energy
cooperation with Iran . Speaking to Dow Jones Newswires, Wolf said the
U.S. has yet to see changes within the region on terrorism and the manufacture
of weapons of mass destruction, which are necessary before it is prepared
to lift sanctions on Iran 's energy sector >>>
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* Increases in oil prices could lead to rise in output: Iran
TEHRAN, June 1 (AFP) - The current rise in crude oil prices could lead
OPEC to increase its output under a mechanism it agreed at its last meeting
in March, Iran's representative at the Organisation of Petroleum Exporting
Countries told state radio Thursday. "A rise in production of up to
500,000 barrels per day (bpd) is enough to halt the rise in prices,"
said Hossein Kazempur-Ardebili, who is currently in London >>> FULL TEXT
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Wednesday
May 31, 2000
* U.S. Trade Initiative No Bonanza
By Howard Schneider
Washington Post Foreign Service
Wednesday, May 31, 2000
Secretary of State Madeleine K. Albright may have thought she was doing
Iranians a big favor when she recently announced relaxed trade rules governing
some of their embargoed products, including caviar, pistachios and Persian
rugs, but the news has landed with a thud here in the capital of the Islamic
republic >>>
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* Crude oil prices sink
May 31, (AP) -- Crude oil prices plunged more than 4 percent Wednesday
on the New York Mercantile Exchange on the widespread belief that another
production increase by OPEC countries is imminent. The selling mood extended
to other energy commodities. Gasoline tumbled after first hitting its highest
price since the Gulf War; heating oil also retreated. Meanwhile, natural
gas jumped to its latest 31/2-year high >>>
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* Iran detains tanker carrying Iraqi crude: agency
TEHRAN, May 31 (AFP) - Iranian Revolutionary Guards last week detained
a small tanker transporting smuggled Iraqi oil, the official IRNA news
agency announced Wednesday >>>
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Tuesday
May 23, 2000
* Iran to raise oil production capacity by 25 percent
KUALA LUMPUR, May 29 (AFP) - Iran plans to raise its oil production
capacity from four million barrels a day to five million under its five-year
plan to 2005, an executive of the national oil firm said Monday. "This
is an initial step and further capacity expansion plans are now in hand,"
said Ahmad Rahgozar, vice-president of the National Iranian Oil Company
>>>
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Monday
May 29, 2000
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