Business
September 11-15, 2000 / Shahrivar 21-25, 1379
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BUSINESS NEWS INDEX
Friday,
September 15, 2000
Iran says Shell to study gas-to-liquids project
DUBAI, Sept 14 (Reuters) - A unit of the Royal Dutch/Shell will study
the development of a gas-to-liquids facility fed by natural gas from Iran's
offshore South Pars field under an understanding signed with two Iranian
state energy firms, one of the Iranian companies said. "National Petrochemical
Company (NPC), National Iranian Oil Company (NIOC) and Shell International
Gas Limited (Shell) signed a Memorandum of Understanding on September 11,
2000 to study the development of a Gas to Liquids (GTL) facility fed by
natural gas from the giant South Pars gas field," the NPC said in
a statement, received by Reuters late on Wednesday
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INDEX
U.S. looks into possible Conoco sanctions breach
HOUSTON, Sept 14 (Reuters) - The U.S. Treasury Department is looking
into whether Conoco Inc.(NYSE:COCa - news) might have breached U.S. sanctions
by analysing seismic data from a giant oil discovery in Iran, a U.S. State
Department spokesman said on Thursday. ``The issue of whether this is a
sanctions violation is a decision that is made by the Treasury Department's
Office of Foreign Assets Control. They are looking at it,'' State Department
spokesman Bill Wanlund said
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INDEX
INDEX
* Iran says Shell to study gas-to-liquids
project
* U.S. looks into possible Conoco sanctions breach
* Conoco helped U.S. embargo target Iran-FT
* Iran to earn $10 billion in extra oil
revenue: Zanganeh
* Iran seizes UAE vessel, two other oil ships
* Iran says set to accept foreign banks
* Iran-Russia sign transport deals
* Clinton Watching Oil Market Reaction to OPEC
* Oil prices surge on skepticism
* Iran sees key oil buyback deals signed in October
* Power station closed down by drought
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Thursday
September 14, 2000
Conoco helped U.S. embargo target Iran-FT
LONDON, Sept 14 (Reuters) - Oil giant Conoco has given Iran assistance
in developing one of the world's largest oil fields, despite the risk of
being accused of breaching U.S. sanctions against Iran, the Financial Times
said on Thursday. Senior Iranian officials told the paper that Conoco helped
analyse data collected last year by the National Iranian Oil Company (NIOC)
from the Azadegan oil field on the understanding that the company would
be given preference to develop the field once U.S. sanctions were lifted,
the FT reported >>>
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INDEX
Wednesday
September 13, 2000
Iran to earn $10 billion in extra oil revenue: Zanganeh
TEHRAN, Sept 13 (AFP) - Surging prices should give Iran some 10 billion
dollars in extra oil revenue by early next year, Oil Minister Bijan Namdar-Zanganeh
said on Wednesday. He said Iran had already earned some four billion dollars
in extra revenue between April and July thanks to a robust market which
has more than tripled the price since record lows late last year >>> FULL TEXT
INDEX
Iran seizes UAE vessel, two other oil ships
TEHRAN, Sept 13 (AFP) - The Iranian navy seized three oil-carrying ships
in its territorial waters, including one sailing under the flag of the
United Arab Emirates, state television said Wednesday >>>
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INDEX
Tuesday
September 12, 2000
Iran says set to accept foreign banks
TEHRAN, Sept 11 (Reuters) - Iran on Monday invited applications from
foreign banks and other financial institutions to operate in its free trade
zones - the first such foreign involvement in Iran since the 1979 Islamic
revolution. Bahram Zarrin-Qalam, Central Bank director on banking affairs,
said administrative regulations had been approved, paving the way for foreign
banks and other financial institutions to operate in the special zones
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INDEX
Iran-Russia sign transport deals
MOSCOW (AP) - Russia signed a deal with India and Iran on Tuesday to
speed cargo traffic between Asia and Europe in a bid to boost Russia's
role as a conduit for world trade. The 10-year deal was reached during
a two-day transport conference among representatives of 27 European and
Asian countries in St. Petersburg, the Interfax and ITAR-Tass news agencies
reported >>>
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Clinton Watching Oil Market Reaction to OPEC
WASHINGTON (Reuters) - President Clinton said on Tuesday he was keeping
a watchful eye on oil prices following OPEC's move to ramp up production
and was considering emergency options to tackle high heating oil and fuel
costs this winter. One of those options includes releasing oil from the
nation's vast emergency stockpile of crude -- an extraordinary action rarely
taken by the U.S. government >>>
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INDEX
Monday
September 11, 2000
Oil prices surge on skepticism
VIENNA, Austria (AP) - Oil futures surged to a new 10-year high Monday
amid widespread skepticism about OPEC's plan to reduce prices by pumping
an additional 800,000 barrels of crude daily. Within hours of OPEC's announcement
Monday that it would boost its official output by 3 percent, the International
Energy Agency warned the planned increase is unlikely to stabilize the
volatile oil markets >>>
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Iran sees key oil buyback deals signed in October
VIENNA, Sept 10 (Reuters) - Iranian Oil Minister Bijan Zanganeh said
on Sunday that buyback deals for the Darkhovin and Chesmeh Kosh oilfields
were likely to be signed next month. ``Darkhovin will probably go to ENI
and Chesma Kosh will probably go to Cepsa ,'' the minister said, speaking
ahead of speeches at the formal sitting of an OPEC ministerial conference
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TEXT
INDEX
Power station closed down by drought
TEHRAN, Sept 10 (AFP) - A major power station has been forced to close
down because the river that feeds it has dried up due to the severe drought
nationwide, the state IRNA news agency said Sunday. The station, at a dam
on the Zayande-Rud river that runs through the central city of Isfahan,
"can no longer operate because of the lack of water," a local
official told IRNA >>>
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