Business
June 19-23, 2000 / Khordad 30-Tir 3, 1379
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BUSINESS NEWS INDEX
Friday,
June 23, 2000
China, Iran eye closer economic and trade ties
BEIJING (Reuters) - Chinese President Jiang Zemin and Iranian President
Mohammad Khatami vowed to boost trade and revive the Silk Road that linked
their ancient civilizations, Chinese state media said on Friday. The China
Daily quoted Khatami as telling Jiang he hoped Chinese entrepreneurs would
expand their business in Iran and do more for the Iranian economy >>>
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Oil deal with China may have hit a snag
(Radio Free Europe) -- Iran is celebrating President Mohammed Khatami's
visit to China this week, but one of Beijing's biggest investments in Iran's
oil industry appears to have hit a major snag. The result may be a blow
to Iran's bid to compete for Caspian Sea oil, raising doubts about Tehran's
reliance on Beijing. RFE/RL Correspondent Michael Lelyveld reports >>>
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INDEX
* China, Iran eye closer economic and
trade ties
* Oil deal with China may have hit a snag
* Oil prices up despite output boost
* Iran: Shell awaits early production bids
* Deutsche Bank lends $550 million to Iran
* OPEC nears deal to raise oil exports
* Iran and Oman talking about joint offshore
gas field
* Iran , E.U. to hold talks in Tehran
* Iran drops deposit requirement
* French automaker Peugeot to build new
model in Iran
* Turkmen coyness risks scaring gas partners
away
* OPEC might raise oil production
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Thursday
June 22, 2000
Oil prices up despite output boost
VIENNA, Austria (AP) -- By raising its official production ceiling by
3 percent, OPEC hopes to avoid a confrontation over high oil prices with
the United States while ensuring that it doesn't stifle long-term demand
for crude. OPEC members agreed Wednesday to boost output by 708,000 barrels
a day. It was the second time in three months that the Organization of
Petroleum Exporting Countries voted to raise its quota in an effort to
stabilize prices >>>
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Iran: Shell awaits early production bids for Soroush/ Nowruz scheme
Middle East Economic Digest, June 23, 2000 -- Offshore engineering and
construction firms are preparing to submit bids by 10 July for the early
production package for the Soroush and Nowruz offshore oil fields. The
Royal Dutch/Shell Group, which has the $ 850 million contract for Soroush/Nowruz,
plans another round of tenders by September for full development of the
two fields >>>
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Wednesday
June 21, 2000
Deutsche Bank lends $550 million to Iran
TEHRAN, June 21 (AFP) - A consortium of European banks, led by Deutsche
Bank, has provided a 550-million-dollar loan to finance various petrochemical
projects in Iran, the press reported Wednesday. The loan, granted to Iran's
National Petrochemical Company (NPC), will be for various projects to be
carried out in conjunction with European firms, the papers said >>> FULL TEXT
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OPEC nears deal to raise oil exports
VIENNA (Reuters) - OPEC on Wednesday neared an agreement to raise crude
supplies in a cautious effort at taming runaway oil prices that have pushed
up energy bills in the West. The Organization of the Petroleum Exporting
Countries is expected to lift supply for the second time this year after
extra exports in March failed to control rising prices >>>
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Iran and Oman talking about joint offshore gas field
TEHRAN, June 21 (AFP) - Iran and Oman are negotiating to drill wells
together in a gasfield straddling their maritime border in the Gulf, Iran's
oil ministry said Wednesday. "This is the first time that a common
deposit is being shared between Iran and a neighboring country," a
ministry official told Iranian radio
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Tuesday
June 20, 2000
Iran , E.U. to hold talks in Tehran
June 19, 2000, Tehran (dpa) - Iran and the European Union will hold
talks in Teheran this week, Foreign Ministry Spokesman Hamid-Reza Assefi
said Monday. ``The fifth round of comprehensive dialogue between Iran and
the E.U. will be held Wednesday in Teheran,'' Assefi told the official
news agency IRNA >>>
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Monday
June 12, 2000
Iran drops deposit requirement
TEHRAN, June 19 (AFP) - The Iranian government has eliminated both export-deposit
requirements and the ceiling on export credits for non-oil products, Commerce
Minister Mohammad Shariatmadari said Monday. The measures, adopted by the
cabinet on Sunday, were taken in a bid to reverse the sharp decline in
non-oil exports seen over the past two months, he said >>>
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French automaker Peugeot to build new model in Iran
18 June (AFP) -- French carmaker Peugeot announced Saturday that it
will begin production of its new 206 model in Iran in early 2001, the official
agency IRNA reported >>>
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Turkmen coyness risks scaring gas partners away
ASHGABAT, June 20 (Reuters) - Turkmenistan's President Saparmurat Niyazov
has revelled in the attention paid to him and his gas-rich state by suitors
as splendid as the United States, Russia, Turkey and Iran. But Niyazov,
whose cash-strapped state needs foreign investment to build gas export
routes to hard currency markets, is playing so hard to get that he risks
scaring potential pipeline partners away >>>
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OPEC might raise oil production
LONDON (AP) -- Under pressure from the United States and other oil importers,
OPEC ministers are expected to agree this week to boost petroleum output
by at least 500,000 barrels a day, or by 2 percent. But analysts warned
Monday that such an increase wouldn't lead to cheaper prices at the pump
for American motorists any time soon >>>
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