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February 28-March 3, 2000 / Esfand 9-13, 1378
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* Can oil exporters ride the price boom?
* French banks look at pipeline finance
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* Oil exporters hesitate on output increase
* US oil over $31, fears of gasoline shortage
* Iran asks West's help with nuclear safety
* Guardian Council rejects privatisation
* Iran approves Caspian Sea oil and gas exploration
* 500 workers demonstrate outside parliament over new
law
* Iran gives green light to locomotive deal with France
* Iran seeks expansion of gas sales, oil production
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Friday,
March 3, 2000
* Can oil exporters ride the price boom?
LONDON, March 3 (Reuters) - The past year's near tripling in oil prices
has some analysts worried about its effect on western economies. Yet, perhaps
surprisingly, few oil nations in the developing world have cheered the
price surge either. In contrast with the situation in the three oil shocks
of the past 20 years, many openly share U.S. President Bill Clinton view
that the price spike ``is a deeply troubling thing.'' >>>
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* French banks look at pipeline finance
March 3, MEED -- The Geneva-based trading company Vitol and Hong Kong-based
Federal Asia are negotiating with several French banks for a possible finance
package for the proposed $360 million Neka-Tehran oil pipeline.>>> FULL TEXT
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Thursday
March 2, 2000
* Oil exporters hesitate on output increase
By Andrew Mitchell LONDON, March 2 (Reuters) - Major oil exporters meeting
on Thursday kept consumer nations on tenterhooks, saying they need more
time to decide how much extra crude to supply to ease sky-high prices.
The oil ministers of Saudi Arabia, Venezuela and Mexico said only that
they had agreed more oil was needed to rebalance supply and demand. >>> FULL TEXT
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Wednesday
March 1, 2000
* US oil over $31, fears of gasoline shortage
LONDON, March 1 (Reuters) - World oil markets stormed to nine-year highs
on Wednesday despite word that Saudi Arabia, Venezuela and Mexico are set
to propose more oil be released from April. U.S. NYMEX crude oil jumped
a dollar to a high of $31.80 a barrel for the first time since the Gulf
War, fuelled by weekly data showing threadbare U.S. supplies of gasoline
have dwindled still further >>>
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Tuesday
February 29, 2000
* Iran asks West's help with nuclear safety
TEHRAN (Reuters) - Iran, vowing it has no ambition to develop nuclear
weapons, wants Western experts to help ensure its nuclear power plants
conform to top international safety standards. Asadollah Sabouri, vice
president of Iran's Atomic Energy Organization, said Tuesday Iran's first
nuclear power plant, under construction with Russian help in the Gulf port
of Bushehr, had been deprived of top-quality supervision because of Western
sanctions on ``dual-use'' technology >>>
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* Guardian Council rejects privatisation & forces measures back
to parliament
TEHRAN, Feb 29 (AFP) - The Iranian parliament on Wednesday will re-open
debate on President Mohammad Khatami's ambitious plan to privatise major
state-held industries after it was rejected by a supervisory council, sources
said. The Council of Guardians rejected "parts of Khatami's five-year
plan which mostly have to do with large-scale privatisation," the
parliamentary sources told AFP >>>
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* Iran approves Caspian Sea oil and gas exploration
TEHRAN, Feb 29 (AFP) - Iran cleared its oil ministry Tuesday to go ahead
with projects to seek out and develop oil and gas deposits in the Caspian
Sea, a move that will involve foreign partners. The project, passed by
parliament, means the state-owned National Iranian Oil Company (NIOC) can
go ahead with the search for crude oil and gas deposits in the sea off
the north of Iran >>>
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Monday
February 28, 2000
* 500 workers demonstrate outside parliament over new law
TEHRAN, Feb 28 (AFP) - Some 500 Iranian workers rallied outside the
parliament Monday to protest at a new law passed at the weekend enabling
employers with fewer than five staff to strip them of social security.
Reformists meanwhile slammed the legislation as a gesture of spite by the
outgoing conservative-dominated parliament following the landslide victory
of the reformists in this month's election >>>
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* Iran gives green light to locomotive deal with France
TEHRAN, Feb 28 (AFP) - Iran's government has endorsed a contract with
France to buy 100 diesel-electric locomotives from builders Alstom for
192 million euros (dollars) to boost the country's railway services, officials
said Monday >>>
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* Iran seeks expansion of gas sales, oil production
TEHRAN, Feb 28 (AFP) - Iran is seeking expansion of its gas sales and
oil production through foreign contracts and investment which could in
the long run include the United States, Deputy Oil Minister Mehdi Hosseini
said Monday. Quoted by the official news agency IRNA. Hosseini said that
despite possessing the world's second largest gas reserves Iran's share
of the world market was minimal >>>
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