Business
Nov 23-27, 1998 / Azar 2-6, 1377
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Today
* Iran talks about American attack
* Russia says Iran nuclear reactor ready by 2003
Previous
* Iran interested in more Russian reactors
* Iran says mulling free flow of foreign capital
* Mostazafan Foundation report
* Russia to hasten work on Iran nuclear plant-radio
* Iran pledges to protect foreign guests
* New concerns about the economy
* Iran to buy Airbus planes to boost overcrowded
* Iran to cut subsidies on domestic oil use
* Azerbaijan: Fate of pipeline depends on Turkey's price
tag
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Updated November 27, 1998
* To send money to Iran, the rate is 680-695 tomans per
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Friday,
Nov 27, 1998
* Iran talks about American attack
TEHRAN, Iran (AP) -- The 13 U.S. ``tourists'' attacked by Islamic militants
in Tehran last week were members of a business delegation exploring investment
opportunities, Iran disclosed today. Some of the Americans were injured
when extremists chanting ``Death to America,'' used stones and metal bars
Saturday to smash the windows of their bus... FULL
TEXT
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* Russia says Iran nuclear reactor ready by 2003
MOSCOW, Nov 26 (Reuters) - Russia on Thursday outlined more details
of its controversial project to build an atomic reactor in Iran and reiterated
that the plan, criticised by the United States and Israel, posed no threat
to Middle Eastern security. The United States and Israel fear that the
1,000-megawatt light-water reactor being built at Bushehr on the Persian
Gulf coast will help Iran to develop nuclear weapons... FULL
TEXT
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Thursday
Nov 26, 1998
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Wednesday
Nov 25, 1998
* Iran interested in more Russian reactors
MOSCOW, Nov 25 (Reuters) - Iran has asked Russia to prepare a feasibility
study to build three more nuclear reactors at its Gulf port of Bushehr
in addition to the one already being constructed, Russia's atomic energy
minister said on Wednesday. The United States has long opposed the existing
Bushehr project, saying it could aid Iran's alleged nuclear weapons programme,
but it has failed in repeated attempts to persuade Russia not to cooperate
on the project ... FULL
TEXT
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* Iran says mulling free flow of foreign capital
TEHRAN, Nov 25 (Reuters) - Iran could soon allow foreign investors to
repatriate funds without restrictions, which are blamed for Tehran's inability
to draw much-needed investment, a cabinet minister said in remarks published
on Wednesday. ``If the Majlis (parliament) passes the government's budget
bill...foreign investors and Iranian expatriates will be allowed to transfer
their capital to the country and withdraw it at their own discretion,''
the daily Iran News quoted Industry Minister Gholamreza Shafei as saying.
He was referring to the budget bill for the next Iranian year, which starts
on March 21, 1999... FULL
TEXT
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* Mostazafan Foundation report
Tehran, (Hamshahri) - Mostazafan Foundation Head Mohsen Rafiqdoust reports
on the state of some 400 companies under his control ... FULL
TEXT IN PERSIAN
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Tuesday
November 24, 1998
* Russia to hasten work on Iran nuclear plant-radio
TEHRAN, Nov 24 (Reuters) - Iran and Russia agreed on Tuesday to speed
up construction of a nuclear power plant in the Iranian Gulf port of Bushehr,
a project strongly opposed by the United States. Tehran radio said Gholamreza
Aghazadeh, head of Iran's Atomic Energy Organisation, and visiting Russian
Atomic Energy Minister Yevgeni Adamov signed a protocol under which ``the
completion deadline of the Bushehr nuclear power plant's phase one was
cut to 52 months from the contracted 55 months.''... FULL
TEXT
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* Iran pledges to protect foreign guests
TEHRAN, Nov 24 (Reuters) - A senior Iranian official has condemned a
recent attack on a bus carrying Americans and other foreigners, declaring
that the government had a duty to protect visitors of all nationalities.
Deputy Interior Minister Mostafa Tajzadeh was quoted by the daily Iran
News on Tuesday as saying anyone granted a visa to Iran had the right to
personal security and safety... FULL
TEXT
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* New concerns about the economy
Iran Report, Nov 24, (Radio Free Europe - Radio Liberty) - Economic
issues continue to be the biggest concern of the Iranian people, according
to a survey published in "Resalat" last week. And three recent
and interrelated events -- the decline in oil prices, a rise in unemployment,
and devaluation of the currency -- have only heightened the reasons for
their concern. Iran's economy depends on the export of a single commodity:
oil. Economic planners prepared this year's budget with the expectation
that each barrel of oil sold would earn $16. In fact, the world oil glut
has driven prices downward and oil now trades at $12 per barrel. Iran earns
80 percent of its revenues through oil sales, so this has been disastrous...
FULL TEXT
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* Iran to buy Airbus planes to boost overcrowded
TEHRAN, Nov 24 (AFP) - Iran is planning to buy three Airbus aircraft
from Senegal to help its overburdened passenger fleet, according to press
reports here. Ahmad Reza Kazemi, managing director of state-owned Iran
Air, said a delegation is currently in Senegal negotiating terms for the
purchase of the B-300s, the state-run newspaper Iran reported.
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* Iran to cut subsidies on domestic oil use
TEHRAN, Nov 24 (AFP) -Iran, the world's second largest oil producer,
is considering cutting subsidies on domestic petrol consumption next year
to save money, according to press reports Tuesday. The government has decided
to limit subsidies, allowing consumers to buy 45 litres of petrol for 250
rials (eight cents) a litre, with prices rising to 700 rials (23 cents)
a litre for any extra fuel. Under current state subsidies, Iranians pay
200 rials (just under seven cents) a litre.
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Monday
November 23, 1998
* Azerbaijan: Fate of pipeline depends on Turkey's price tag
Washington, 23 November 1998 (RFE/RL) -- One of the central players
in the Caspian sea oil pipeline drama says it's now up to Turkey to either
make or break the U.S.-supported main pipeline from Baku, Azerbaijan to
Ceyhan on the Turkish Mediterranean coast. Ilham Aliyev, First Vice President
of the Azerbaijan State Oil Company and the key negotiator of Azerbaijan's
production sharing agreements with western oil companies, says the cost
of the proposed pipeline has become the central stumbling block and that
Turkey could bring those expenses down to a reasonable level... FULL
TEXT
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