email us

US Transcom
US Transcom

Sehaty Foreign Exchange

Advertise with The Iranian

Advertise with The Iranian

Business
May 15-19, 2000 / Ordibehesht 26-30, 1379

News | Sports | Arts | Rights | Community

Latest

* 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

News | Sports | Arts | Rights | Community


Monday | Tuesday | Wednesday | Thursday | Friday


Get Persian fonts from Hamshahri or Payvand


email us


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.'' >>> FULL TEXT

Go to top


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 >>> FULL TEXT

Go to top

* 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 >>> FULL TEXT

Go to top

* 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 TEXT

Go to top


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 >>> FULL TEXT

Go to top

* 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 >>> FULL TEXT

Go to top

* 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 >>> FULL TEXT

Go to top


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 >>> FULL TEXT

Go to top

* 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

Go to top

* 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 >>> FULL TEXT

Go to top


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 >>> FULL TEXT

Go to top

* 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 >>> FULL TEXT

Go to top

* 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

Go to top


Copyright © Abadan Publishing Co. All Rights Reserved. May not be duplicated or distributed in any form

 MIS Internet Services

Web Site Design by
Multimedia Internet Services, Inc

 GPG Internet server

Internet server by
Global Publishing Group.

$ Rate

Updated May 17

Buying: 830 to 840 tomans per dollar

Selling: 854 tomans per dollar

CALL TOLL FREE: 877-SEHHATY (877-734-4289)
or 800-995-0264

Mention this code for a better rate: FA 37 B


Media

British Iranian Business News


Tehran Stock Exchange

Daily trade table


For the latest news visit
THE IRANIAN
Newsroom


email us