Business
October 23-27, 2000 / Aban 2-6, 1379
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BUSINESS NEWS INDEX
Friday,
October 27, 2000
Japan lends Iran 69 million dollars for power project
TOKYO, Oct 26 (AFP) - Japan said Thursday it was extending a 69-million-dollar
loan to help complete an Iranian power project, ahead of next week's visit
to Tokyo by Iranian President Mohammad Khatami. The state-run Japan Bank
for International Cooperation said it would lend 7.49 billion yen (69 million
dollars) for the Masjid-e Soleiman hydroelectric power project in southwest
Iran >>>
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Iran to cut power to Azerbaijan in 24 hours over non-payment: paper
TEHRAN, Oct 27 (AFP) - Iran will cut off electricity to the autonomous
Azerbaijani republic of Nakhichevan in the next 24 hours because it still
owes Tehran 45 million dollars, press reports said Thursday. The Etelaat
paper cited utilities officials as saying that the republic had disregarded
a payment schedule set up nearly three years ago and that only one million
dollars has been handed over so far >>>
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INDEX
* Japan lends Iran 69 million dollars
for power project
* Iran to cut power to Azerbaijan in 24 hours over non-payment:
paper
* Iran Signs $850 Mln Salman Oil, Gas Deal
* Iran tanker firm says privatization on schedule
* Tehran trade with Saudi on the rise
* OPEC may increase oil production
* Spain extends 600 mln dollar credit line to Iran: Aznar
* Iran, Germany's Krupp sign in polyethylene plant deal
* Surging oil prices give Iran an extra six billion dollars
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Thursday
October 26, 2000
Iran Signs $850 Mln Salman Oil, Gas Deal
October 23, TEHRAN (Reuters) - Iran signed an $850-million deal with
the Iranian company Petro Iran on Monday to boost oil output and begin
natural gas production at the offshore Salman field in the Gulf, state
television reported. It said that under the agreement, oil production would
be increased to 130,000 barrels per day (bpd) within three years from the
current 85,000 bpd >>>
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Wednesday
October 25, 2000
Iran tanker firm says privatization on schedule
Tehran (Reuters) - Iran is proceeding with plans to privatise the state-owned
National Iranian Tanker Co despite public criticism of the privatisation,
NITC head Mohammed Souri said yesterday. "The transfer of National
Iranian Tanker Co to the private sector is proceeding normally, according
to the law," Iran's news agency, IRNA, quoted Souri as saying >>>
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Tehran trade with Saudi on the rise
October 22, Gulf Daily News -- TEHRAN: Iran 's trade surplus with Saudi
Arabia last year was $6.9 million on the back of a 32-plus per cent rise
in exports to the kingdom, the official Irna news agency >>>
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Tuesday
October 24, 2000
OPEC may increase oil production
CARACAS, Venezuela (AP) - The president of OPEC (news - web sites) said
Tuesday the group could increase production as early as Monday if oil prices
stay above the ceiling of a self-imposed band mechanism >>>
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Monday
October 23, 2000
Spain extends 600 mln dollar credit line to Iran: Aznar
TEHRAN, Oct 22 (AFP) - Spain will provide Iran with a credit line of
600 million dollars as the two nations move to boost commercial ties, visiting
Spanish Prime Minister Jose Maria Aznar said Sunday. He made the anouncement
at a joint Tehran press conference with President Mohammad Khatami, saying
economic and commercial relations with Iran were of "great importance."
>>>
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Iran, Germany's Krupp sign in polyethylene plant deal
TEHRAN, Oct 23 (Reuters) - Iran signed a deal with German engineering
contractor Krupp Uhde Monday to build a polyethylene plant with an annual
production capacity of 300,000 tonnes, the official news agency IRNA reported.
It said the contract was signed by a subsidiary of Iran's National Petrochemical
Co. for the plant to be built within three years in a special petrochemicals
zone near the southwestern port of Bandar (Imam) Khomeini on the Persian
Gulf >>>
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Surging oil prices give Iran an extra six billion dollars
TEHRAN, Oct 23 (AFP) - Surging oil prices have given Iran around six
billion dollars in extra revenues for the first half of the current Iranian
year, a member of parliament's budget committee announced on Monday. Ahmad
Ramezanpour said the government and parliament have decided to deposit
2.5 billion dollars of the extra revenues in the country's foreign currency
account, state radio reported >>>
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