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October 30-November 3, 2000 / Aban 9-13, 1379

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November 3, 2000

NYMEX crude up early amid fragile Mideast truce

NEW YORK, Nov 3 (Reuters) - NYMEX crude futures rose early Friday as clashes flared amid a fragile Palestinian-Israeli truce in the Middle East, overshadowing an OPEC assurance on oil supply. December crude sprinted to an early high of $32.75 a barrel, gaining 21 cents. It dipped low as $32.50 cents. At 1O:39 a.m. (1539 GMT), it traded choppily and was 18 cents up at $32.72 >>> FULL TEXT



* NYMEX crude up early amid fragile Mideast truce
* Iran in $200m Deal with Egypt-Report

* Khatami agrees landmark oil deal with Japan
* US firms covet Iran's big oil deal with Japan
* Egypt to sign trade deals with Iran
* Japan-Iran oil negotiation rights deal near
* Iran to give Japan rights to develop oil field
* Syria-Iran pipeline to be reopened in November
* Japan agrees biggest oil operation with Iran: report
* Iran: Oil prices may fall sharply in 2001
* Tea growers say imports putting industry at risk

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November 2, 2000

Iran in $200m Deal to Make Minibuses in Egypt-Report

TEHRAN, Nov 2 (Reuters) - Iranian auto maker Zamyad will make 1,000 minibuses in Egypt in a deal worth $200 million, the official IRNA news agency reported on Thursday. Zamyad has set up a production facility in Eqypt and will produce the vehicles over five years, IRNA said >>> FULL TEXT


November 1, 2000

Khatami agrees landmark oil deal with Japan

TOKYO (Reuters) - Japan and Iran clinched a landmark deal on Wednesday which could give Tokyo access to the world's biggest undeveloped oil field, as their leaders agreed to forge better bilateral ties. The agreement is crucial for resource-poor Japan, and gaining access to a stable oil supply is likely to help override qualms about Iran's weapons program and its strained ties with the United States >>> FULL TEXT


US firms covet Iran's big oil deal with Japan

DUBAI, Nov 1 (Reuters) - Iran's tantalising offer to Japan on one of the world's hottest oil developments has left U.S. firms once again out in the cold, analysts said on Wednesday. But cutting edge technology from American firms, barred from the oil and gas-rich Gulf state by unilateral U.S. trade sanctions, might well buy entry for some into the giant Azadegan oilfield once the curbs are lifted >>> FULL TEXT


Egypt to sign trade deals with Iran

CAIRO, Nov 1 (AFP) - In a sign of Egypt's improving ties with Iran, Egyptian trade delegations will travel later this month to Tehran to sign cooperation agreements, the MENA news agency said Wednesday. Khaled Abu Ismail, chairman of the Egyptian Chambers of Commerce Union, told MENA that one chamber delegation will leave for Iran on November 17 >>> FULL TEXT


October 31, 2000

Japan-Iran oil negotiation rights deal near-MITI

TOKYO, Oct 31 (Reuters) - Japan is close to a deal to acquire negotiation rights for developing Iran's Azadegan oil field, the world's biggest undeveloped field, the Japanese Ministry of International Trade and Industry (MITI) said on Tuesday. In what could become Japan's first big investment in Iran since that country's 1979 revolution, the two are expected to reach a formal agreement on Wednesday, a MITI official told reporters after a meeting between Japanese Trade Minister Takeo Hiranuma and Iranian Oil Minister Bijan Zanganeh >>> FULL TEXT


Iran to give Japan negotiating rights to develop major oil field: reports

TOKYO, Oct 31 (AFP) - Iran agreed in principle Tuesday to give Japan preferential negotiating rights to develop one of its largest oil fields, press reports said. The agreement was reached here between Iranian Oil Minister Bijan Zanganeh, who arrived here Tuesday accompanying Iranian President Mohammad Khatami, and his Japanese counterpart Takeo Hiranuma, the Jiji Press news agency and Japan Broadcasting Corp. reported >>> FULL TEXT


Syria-Iran pipeline to be reopened in November - MEES report

October 31, Nicosia (dpa) - Iraq and Syria were reported Tuesday to have agreed to reopen next month a strategic oil export pipeline in a step that will initially add 200,000 barrels per day to supplies on the international market-besides making another significant dent in U.N. sanctions against Iraq >>> FULL TEXT


October 30, 2000

Japan agrees biggest oil operation with Iran: report

TOKYO, Oct 30 (AFP) - Japan and Iran have reached a basic agreement under which Tokyo will acquire preferential rights to develop and operate an Iranian oil field, one of the largest in the Middle East, a report said Monday. Under the agreement the Japanese government and a consortium will develop the Azadegan oil field near the Iraqi border, with confirmed oil reserves totalling more than 26 billion barrels, the Yomiuri Shimbun said >>> FULL TEXT


Iran: Oil prices may fall sharply in 2001

TEHRAN, Iran (Reuters) - Iran's Oil Minister Bijan Namdar Zanganeh said he expected oil prices to fall sharply next year if current levels of production are maintained, the Resalat newspaper reported on Saturday. ``If OPEC (news - web sites) carries on its current level of production, oil prices will sharply fall,'' it quoted him as saying. He said this could happen in the second and third quarter of 2001 >>> FULL TEXT


Tea growers say unregulated imports putting industry at risk

TEHRAN, Oct 30 (AFP) - Private tea growers in northern Iran on the Caspian Sea said Monday their livelihoods are under threat from unregulated foreign tea imports. "We are asking the government to protect us and to prevent various state-owned firms from importing foreign tea," one grower said in an interview with state television >>> FULL TEXT


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