Business
September 25-29, 2000 / Mehr 4-8, 1379
News
| Sports
| Arts
| Rights
| Community
BUSINESS NEWS INDEX
Friday,
September 29, 2000
OPEC pledges kinder, gentler cartel
CARACAS, Venezuela (AP) - OPEC (news - web sites) is pledging to create
a kinder, gentler oil cartel that would fight to protect the environment
and the rights of developing nations, but made no specific promise to boost
production to temper soaring crude prices. Nonetheless, Venezuelan President
Hugo Chavez said Friday the Organization of Petroleum Exporting Countries
is willing to put more oil on the market if necessary >>>
FULL TEXT
INDEX
INDEX
* OPEC pledges kinder, gentler cartel
* Iran records first surplus with Western
banks in three years
* Too much oil on the market: Oil minister
* Iran MP blasts US reserve release as political ploy for
Gore
* Iran's first domestically made passenger jet rolls of
assembly line
* OPEC summit statement to address oil taxes: Iran
* Drought leaves 40 tonnes of fish dead, production fall-off
* Khatami says West should cut fuel taxes
* Khatami, oil minister depart for Caracas summit
News
| Sports
| Arts
| Rights
| Community
Monday | Tuesday | Wednesday
| Thursday | Friday
Get Persian fonts from Hamshahri
or Payvand
email us
Thursday
September 28, 2000
Iran records first surplus with Western banks in three years
London, Sept. 28, IRNA -- During the first three months of 2000, Iran's
external position with western banks moved into surplus for the first time
in over three years. According to the latest quarterly review from the
Bank of International Settlement, Iran's deposits in all sectors rose to
Dlrs 9.3 billion at the end of March, up from Dlrs 8.1 bn at the end of
1999 and from Dlrs 6.3 billion at the end of 1998 >>>
FULL TEXT
INDEX
Too much oil on the market: Oil minister
CARACAS, Sept 28 (AFP) - As OPEC held a historic gathering in Caracas
amid international concern over oil prices, Iranian Oil Minister Bijan
Namdar Zangeneh said Wednesday there was too much oil on the market. "We
have excess supply on the market," he told journalists a few hours
before the scheduled start of a summit of the Organization of Petroleum
Exporting Countries (OPEC) >>>
FULL TEXT
INDEX
Iran MP blasts US reserve release as political ploy for Gore
TEHRAN, Sept 28 (AFP) - A conservative MP in OPEC giant Iran on Wednesday
blasted the US decision to open the taps of its strategic oil reserve as
a political move to boost the White House chances of US Vice President
Al Gore. "This decision by the American government is aimed at helping
the Democratic candidate in the presidential elections," said Ali
Hashemi-Behramani from parliament's energy committee, cited by the state
news agency IRNA >>>
FULL TEXT
INDEX
Wednesday
September 27, 2000
Iran's first domestically made passenger jet rolls of assembly line
TEHRAN, Sept 27 (AFP) - The first model of a domestically made Iranian
passenger plane, a joint venture with Ukraine, left the assembly line on
Tuesday, state radio reported. The 52-passenger Iran-140 has a maximum
altitude of 26,000 feet and a range of some 2,000 kilometers (1,250 miles),
it said >>>
FULL TEXT
INDEX
OPEC summit statement to address oil taxes: Iran
CARACAS, Sept 27 (AFP) - A draft final statement of the OPEC summit
held in Caracas this week addresses the issue of taxes industrialized countries
impose on oil, Iranian Oil Minister Bijan Namdar Zangeneh said Tuesday.
Speaking after a ministerial meeting on the eve of the two-day summit,
the minister said the taxes were in large part responsible for the high
prices consumers had to pay for oil >>>
FULL TEXT
INDEX
Drought leaves 40 tonnes of fish dead, production fall-off
TEHRAN, Sept 27 (AFP) - Forty tons of fish have died in the Iranian
northwest as three major reservoirs have dried up due to the nation's severe
drought, the official IRNA news agency reported Wednesday. It cited a fisheries
official as saying the fish had died since the beginning of the Iranian
year in March, while three other dams can no longer be used for fish farming,
causing a sharp drop-off in production >>>
FULL TEXT
INDEX
Tuesday
September 26, 2000
Khatami says West should cut fuel taxes
TEHRAN, Sept 26 (Reuters) - Iran's President Mohammad Khatami said on
Tuesday that Western governments should reduce taxes on fuel instead of
trying to shift the blame for high oil prices onto producing countries.
The G-7 group of industrialised nations has asked for an increase in oil
production to help lower soaring prices, but OPEC countries have reacted
with irritation, pointing out that their latest production hike is due
to start on October 1 >>>
FULL TEXT
INDEX
Khatami, oil minister depart for Caracas summit
TEHRAN, Sept 26 (AFP) - Iranian President Mohammad Khatami and Oil Minister
Bijan Namdar-Zanganeh left Tehran on Tuesday for the key OPEC summit in
Caracas which officially kicks off there later in the evening, state radio
said >>>
FULL TEXT
INDEX
Monday
September 25, 2000
OPEC strikes feisty stance ahead of oil summit
CARACAS (Reuters) - Oil cartel OPEC (news - web sites) struck a hawkish
stance Monday ahead of a summit of its political masters, suggesting the
time was right to correct an economic balance of power they see as skewed
in favor of consuming countries. Oil ministers and officials indicated
the success of the Organization of the Petroleum Exporting Countries in
rescuing prices over the past 18 months had refashioned their grouping
as a counterweight to the developed world >>>
FULL TEXT
INDEX
Iran to quicken Bangestan oil field negotiations-MEES
NICOSIA, Sept 25 (Reuters) - Iran has informed foreign oil companies
competing for its lucrative Bangestan oil fields development deal that
it wants to accelerate the project, the Middle East Economic Survey (MEES)
said on Monday. The industry newsletter said National Iranian Oil Company
subsidiary Petroleum Engineering and Development Company (PEDEC), which
handles Bangestan and other buyback ventures, has assembled a team ``with
a view to prioritising and facilitating'' the Bangestan project >>> FULL TEXT
INDEX
Parliament speaker says bill ends worry over foreign investments
TEHRAN, Sept 25 (AFP) - Foreign investors in Iran will face no more
worry about the safety of their capital after final passage of legislation
to protect investments, parliamentary speaker Mehdi Karubi vowed Monday.
"There will be no longer be any place for concern over foreign investments
in Iran," once the bill gets its final approval after review, Karubi
said, cited by the official IRNA news agency >>>
FULL TEXT
INDEX
Copyright © Abadan Publishing Co. All Rights Reserved.
May not be duplicated or distributed in any form
