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November 13-17, 2000 / Aban 23-27, 1379

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November 17, 2000

Iranians flee poverty

By Guy Dinmore, Financial Times (London), Friday, November 16, 2000 -- Hijackers who fought a mid-air gunbattle with security guards over southern Iran this week were among more than 20 members of four families who had chartered a domestic airliner in a desperate bid to flee the country. The attempt failed when the pilot of the Ariatours Yak-40 anded in the Iranian city of Bandar Abbas and jumped out >>> FULL TEXT


South Pars looks for drilling company for buy-back tender

MEED, 17 November 2000 -- State-owned Pars Oil & Gas Company is about to select a rig company to drill two delineation wells at the South Pars offshore oil field in preparation for a buy-back tender scheduled for spring 2001 for the long-delayed South Pars Oil project. Bidders for the drilling rig are the European arm of Schlumberger, the state National Iranian Drilling Company (NIDC) and Naftkav Engineering Services Company, an affiliate of the National Iranian Oil Company (NIOC). Naftkav has submitted the lowest bid, Pars Oil sources say >>> FULL TEXT


* Iranians flee poverty
* South Pars looks for drilling
* OPEC to discuss raising $100B
* Cheap pump prices force Iran to import more refined oil
* Iran may purchase EU wheat amid supply disruptions
* Chevron CEO wants US review of Iran, Libya sanctions
* OPEC: No Oil Production Increases

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November 16, 2000

OPEC to discuss raising $100B

RIYADH, Saudi Arabia (AP) - OPEC (news - web sites) producers will open talks this week on a joint investment firm to raise more than $100 billion to help boost output to meet demand over the next two decades, an Iranian oil ministry adviser said Thursday >>> FULL TEXT


November 15, 2000

Cheap pump prices force Iran to import more refined oil

TEHRAN, Nov 15 (AFP) - Cheap pump prices are forcing Iran, the second-ranking OPEC member, to import refined oil products in ever-increasing quantities, an oil official was quoted as saying Wednesday. "Since last March we have imported 820 million litres of petrol (gasoline) and we will import a further 400 million before next March," said Ali Aghababai, an official of the national oil products distribution company >>> FULL TEXT


Iran may purchase EU wheat amid supply disruptions

PARIS, Nov 14 (Reuters) - Iran may step up its purchases of European wheat after heavy rains pounded the southern hemisphere, threatening to disrupt supplies from Argentina and Australia, exporters said. Iran last week bought 180,000 tonnes of European Union soft wheat, including 120,000 from France and 60,000 from Sweden >>> FULL TEXT


November 14, 2000

Chevron CEO wants US review of Iran, Libya sanctions

LONDON, Nov 14 (Reuters) - Chevron (NYSE:CHV - news) Chief Executive Officer David O'Reilly on Tuesday said he wanted to see an early review of United States' sanctions on Iran and Libya which are preventing some western oil investment in the two countries. ``We would like to see a review,'' he told reporters at a conference here. ``The reality is we will have to wait until the new administration decides (what to do).'' >>> FULL TEXT


November 13, 2000

OPEC: No Oil Production Increases

VIENNA, Austria (AP) - OPEC (news - web sites) appointed a hawkish new leader Monday and dug in against further increases in oil production, lessening chances that heating oil and other energy prices will decline in the coming months. Ratifying an agreement hammered out Sunday, the 11-nation oil cartel credited itself for already boosting output four times this year, but said all new production plans were on hold >>> FULL TEXT


Khatami Denounces Iran Sanctions

DOHA, Qatar (AP) - U.S. sanctions against Iran will be more harmful to America's economy in the long run than Iran's, Iranian President Mohammad Khatami said Monday. In an interview with The Associated Press on the sidelines of the Organization of the Islamic Conference summit in Qatar, Khatami said European and Asian companies would continue to take advantage of the American business void in Iran >>> FULL TEXT


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