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May 15-19, 2000 / Ordibehesht 26-30, 1379
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* U.S. to maintain policy against Iranian
oil swaps
Previous
* World Bank approves Iran loans
* Mobile phone fever sweeps Iran
* Reliance, Petronas to set up
Iran LNG plant
* Albright rallies opposition to loans
* Iran puts average oil earning at $23 a barrel
* U.S. worried about high crude oil prices
* World Bank to consider Iran loan
* Gas field dispute to be resolved collectively: Kuwait
* Iran chemical exports up 32pc in year
* Saudi Arabia welcomes Iranian pullout from disputed gas
field
* Iran wants to export 100 million dollars in carpets to
US
* Prices of Iranian silk carpets drop sharply
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Friday,
May 19, 2000
* U.S. to maintain policy against Iranian oil swaps
WASHINGTON, May 19 (Reuters) - Despite an improvement in Iran's world
standing, the Clinton administration will not lift its ban on U.S. energy
companies entering into crude oil swaps with Iran, a top U.S. official
said on Friday. ``We do not encourage...that kind of cooperation,'' said
John Wolf, the Clinton administration's special advisor on Caspian energy
issues. ``That's our position, and I don't see it changing anytime soon.''
>>>
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Thursday
May 18, 2000
* World Bank approves Iran loans
WASHINGTON Overriding U.S. opposition, the World Bank today
approved $232 million in loans to Iran, the first in seven years. World
Bank President James Wolfensohn and other participants at the meeting of
the bank's 24-member executive board said the United States voted against
the proposal, while France and Canada abstained >>>
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* Mobile phone fever sweeps Iran
May 18, 2000 (Financial Times) -- Iran is in the grips of mobile fever.
Thousands of people are queueing at post offices across Tehran to make
a downpayment of IR5m (about $600) to acquire a mobile telephone connection
in a year's time. For many, a mobile is a sound investment. With demand
far outstripping current supply, a connection on the open market costs
more than $1,100. With bank deposits offering less than the rate of inflation,
now at more than 20 per cent, only the downpayment on an Iranian-made car,
which takes 14 months to deliver, can challenge the return on a mobile
>>>
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* Reliance, Petronas to set up Iran LNG plant
May 18, 2000, NEW DELHI, May 18 (Reuters) - India's Reliance and Malaysia's
Petronas have signed an agreement with the National Iranian Oil Co (NIOC)
to set up a 7.5 million tonnes per year liquefied natural gas (LNG) plant
in Iran, Indian industry sources said on Thursday. "Last week, Reliance
signed a memorandum of understanding with NIOC for setting up a 7.5 million
tonne LNG plant in Iran ," an industry official told Reuters >>> FULL
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Wednesday
May 17, 2000
* Albright rallies opposition to loans
WASHINGTON (AP) - Using telephone diplomacy, Secretary of State Madeleine
Albright is calling foreign ministers to try to rally opposition to $231
million in World Bank loans to Iran. The loans, delayed in April, are to
be taken up Thursday by the bank's 24 executive directors. One, for $145
million, would be for a sewage treatment project in Tehran. The other,
for $86.1 million, would help improve health care in urban and rural areas
>>>
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* Iran puts average oil earning at $23 a barrel
TEHRAN, May 16 (Reuters) - Iran said on Tuesday it had earned an average
of $23 from export of each barrel of crude oil since March. "The median
revenue from crude exports has been $23 since the beginning of the ( Iranian
) year," on March 20, Central Bank Governor Mohsen Nourbakhsh told
a seminar on monetary policy >>>
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* U.S. worried about high crude oil prices
WASHINGTON (Reuters) - The Clinton administration said on Tuesday it
was ``nervous'' about U.S. crude oil prices topping $30 a barrel, but said
it was premature to urge OPEC to increase its production. Energy Secretary
Bill Richardson acknowledged that a steady march upward in oil prices during
the past three weeks fell short of the stability that U.S. officials had
hoped for after OPEC agreed in March to raise crude oil output >>>
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Tuesday
May 16, 2000
* World Bank to consider Iran loan
WASHINGTON (AP) - The World Bank's 24 executive directors are scheduled
Thursday to consider a delayed proposal to lend $231 million to Iran. The
proposal was delayed in April, and the United States will seek another
postponement, a U.S. official said. Canada and France are understood to
be aligned with the United States in opposition to the loans >>>
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* Gas field dispute to be resolved collectively: Kuwait
KUWAIT CITY, May 16 (AFP) - Kuwait expressed hope Tuesday that a dispute
over its sea borders with Iran and Saudi Arabia in a gas-rich offshore
area of the northern Gulf will be resolved collectively. "The issue
(of the continental shelf) will, God willing, be resolved collectively
between us, Saudi Arabia and Iran," the emirate's Foreign Minister
Sheikh Sabah al-Ahmad al-Sabah told reporters in parliament >>> FULL TEXT
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* Iran chemical exports up 32pc in year
Tehran (Reuters) - Iran's petrochemicals exports rose to $600 million
in the year to March, up from $452 million in the previous year, a senior
official said yesterday. Deputy Oil Minister Mohammad Reza Nematzadeh told
an international energy seminar in Tehran that the exports accounted for
a third of total petrochemical revenue in the Iranian year which ended
on March 19 >>>
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Monday
May 15, 2000
* Saudi Arabia welcomes Iranian pullout from disputed gas field
RIYADH, May 15 (AFP) - Saudi Arabia welcomed Monday the announcement
by Iran that it had stopped all drilling at the Dorra offshore gas field
which Riyadh, Kuwait and Tehran all claim. "It's a praiseworthy act
of good neighbourliness," Defence Minister Prince Sultan bin Abdel
Aziz told the official Saudi Press Agency >>>
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* Iran wants to export 100 million dollars in carpets to US
TEHRAN, May 14 (AFP) - Iran plans to export 100 million dollars worth
of carpets per year to the United States, following Washington's March
decision to lift an embargo on some Iranian imports, the head of the Central
Union for Iranian Carpets said Sunday. "After looking at expert studies
we carried out, the American market can absorb some 100 million dollars
of Iranian carpets each year," Nosratollah Mahmudzadeh told the official
Iranian news agency IRNA
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* Prices of Iranian silk carpets drop sharply
TEHRAN, May 15 (AFP) - Prices for Iranian silk carpets on sale abroad
have sunk by 50 percent due to the declining quality of silk threads being
imported from Asian countries, Iranian state television said Monday >>> FULL
TEXT
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