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September 5-8, 2000 / Shahrivar 15-18, 1379

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BUSINESS NEWS INDEX

Friday,
September 8, 2000

Iran hopes its new moderate image will help tourism

Tehran (Reuters) - Iran hopes its improving image abroad will help lift its depressed tourism industry, but many fear Islamic social restrictions could keep foreigners away. "The bitter truth is that our negative image, created by negative propaganda, has been a fatal poison for our tourism industry since the revolution," says Iran's chief tourism official Mohammad Moezzeddin. "We want to improve this image and President (Mohammad) Khatami's open-door and detente policy is the main key to this goal," he told journalists this week. Iran's once-vibrant tourism industry all but died after the 1979 revolution as the ruling Shi'ite Moslem clergy tried to construct a pure Islamic state >>> FULL TEXT

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OPEC Raises Hopes for Cheaper Oil

VIENNA (Reuters) - OPEC Friday gave grounds for optimism that the oil cartel will mount its third supply increase in a year to soothe an international outcry over high energy costs. The Organization of the Petroleum Exporting Countries, under fire to ease fuel bills and temper inflationary pressures, is thought likely to lift output by about 700,000 barrels daily, just under 3 percent, when it meets Sunday >>> FULL PERSIAN TEXT

INDEX

INDEX

* Iran hopes its new moderate image will help tourism
* OPEC Raises Hopes for Cheaper Oil
* Iran, German firms ally on refinery
* Japan to help Iran grow more rice: diplomat
* Crude oil hits 10-year high
* Iran: US attempts to lift sanctions
* Parliament abolishes duty on non-oil exports
* Iran issues tenders for new Persian Gulf gas blocks
* Iran Speaker meets Chevron,Conoco over US sanctions

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Thursday
September 7, 2000

Iran, German firms ally on refinery

TEHRAN, Iran (AP) - A German engineering firm and an Iranian conglomerate have won a $158.4 million contract to build what both companies say will be the world's largest natural gas refinery. The two companies, Germany's Linde and Iran's Nargan, signed the contract with Iran's Pars Petrochemical Company in Tehran on Wednesday, Nargan manager Shahrokh Moaveni told The Associated Press on Thursday. Foreign companies are required to enter into partnership with Iranian firms to execute contracts >>> FULL TEXT

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Japan to help Iran grow more rice: diplomat

TEHRAN, Sept 7 (AFP) - Japan will help develop Iranian rice paddies along the Caspian Sea, a Japanese diplomat said Thursday at the groundbreaking for a Japanese-Iranian agriculture training center in the northern city of Amol. "I believe that Japan's expertise in land consolidation will certainly be able to contribute to the promotion of land consolidation and mechanization in Iran," Hiroshi Azuma said, according to the text of his speech >>> FULL TEXT

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Wednesday
September 6, 2000

Crude oil hits 10-year high

Sept 6, (AP) - Crude oil prices raced to their highest level in 10 years Wednesday on the New York Mercantile Exchange and analysts said they may go much higher if OPEC doesn't step up production significantly, and soon. For consumers, that could translate into pricier gasoline and heftier home heating bills this winter.>>> FULL TEXT

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Tuesday
September 5, 2000

Iran: US attempts to lift sanctions

TEHRAN, Iran (AP) - Iran's parliament speaker said Sunday that attempts are being made in the United States to lift trade sanctions against Iran, the official Islamic Republic News Agency reported after American and Iranian lawmakers met for the first time since the 1979 Islamic revolution. ``It seems that there are efforts under way in the United States for lifting sanctions against Iran,'' IRNA quoted Mahdi Karrubi as saying Sunday after returning from New York where he and four other Iranian lawmakers attended a meeting of world parliament leaders at the United Nations >>> FULL TEXT

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Parliament abolishes duty on non-oil exports

TEHRAN, Sept 4 (AFP) - Iran's reformist-dominated parliament Sunday passed the broad outlines of a law aimed at boosting non-oil exports which have plummeted in the past few years. The law, which will abolish "various duties" on the exports, was adopted despite the opposition of the economics committee and the rervations of some reformist MPs. Details will be worked out in later readings >>> FULL TEXT

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Iran issues tenders for new Persian Gulf gas blocks

TEHRAN, Sept 3 (AFP) - Iran has called for tenders to develop the latest phases of the giant South Pars gas field in the Persian Gulf, press reports said Sunday, quoting the National Iranian Oil Company. The two tenders cover phases nine and 10, and 11 and 12, with projected total daily output of 105 million cubic metres (3.675 billion cubic feet) of gas and 160,000 barrels of crude oil >>> FULL TEXT

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Monday
September 4, 2000

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