Business
October 30-November 3, 2000 / Aban 9-13, 1379
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BUSINESS NEWS INDEX
Friday,
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 >>>
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INDEX
INDEX
* 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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Thursday
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
INDEX
Wednesday
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 >>>
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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 >>>
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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
INDEX
Tuesday
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 >>>
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INDEX
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
INDEX
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 >>>
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INDEX
Monday
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
>>>
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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 >>>
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INDEX
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 >>>
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