Business
November 13-17, 2000 / Aban 23-27, 1379
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Friday,
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 >>>
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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 >>>
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* 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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Thursday
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 >>>
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Wednesday
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 >>>
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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 >>>
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Tuesday
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).'' >>>
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Monday
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 >>>
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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 >>>
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