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March 29-April 2, 1999 / Farvardin 9-13, 1378

News | Sports | Arts | Rights | Community

Today

* 284,000 apply for cellular phones

Previous

* Iran to give foreign firms legal status
* Iran to increase export of petrochemicals to china
* BP, ARCO part of oil's rich history
* Long haul ahead for Iran's oil opening
* Oil market revives as OPEC cracks whip
* Non-oil exports fall 2 percent to $3 billion in year
* Iran's petrochemical industry
* BP Amoco shortens field in oil race
* Niki confident US will approve ag sales to Iran
* U.S. decision on farm sales to Iran may be near
* Wheat, soybeans rise

News | Sports | Arts | Rights | Community


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$ Rate

Updated March 31, 1999

* To send money to Iran, the rate is 790-810 tomans per dollar, depending on how much you wish to send.

* To send money out of Iran, the rate is 817 tomans per dollar.

Source: Sehaty Foreign Exchange. Preferntial rates for readers of The Iranian Times. Call in U.S.: 602-595-0777 OR 500-288-8881, Fax: 602-595-0222. Address: PO Box 3230, Carefree, AZ 85377, USA. Mention this code: BAJ 07


Friday,
April 2, 1999

* 284,000 apply for cellular phones

Kish, Hormuzgan, April 2, IRNA -- 284,000 people in 320 cities applied for cellular telephones in the iranian month of 'bahman' (january 21-february 19), director of mobile communications affairs department at iran's telecommunications company mohsen khansari told irna here on friday ... FULL TEXT

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Thursday
April 1, 1999

* Iran to give foreign firms legal status for first time in 20 years

TEHRAN, April 1 (AFP) - Iran has made another step towards opening up its economy with a bill giving foreign firms legal status for the first time since the 1979 Islamic revolution, the state news agency IRNA reported Thursday. The bill to allow registration of foreign companies was approved at a cabinet meeting Wednesday chaired by President Mohammad Khatami, IRNA said ... FULL TEXT

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* Iran to increase export of petrochemical products to china

Beijing, April 1, IRNA -- the visiting managing director of iran's petrochemical company and deputy oil minister mohammad-reza nematzadeh said that iran can expand export of petrochemical products to china in view of the country's dire need for the goods ... FULL TEXT

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* BP, ARCO part of oil's rich history

LONDON (Reuters) - BP Amoco Plc's merger with Atlantic Richfield Co. creates a $190 billion oil giant that fuses companies with roots in both Persia and John D. Rockefeller's old sprawling business empire. BP, which completed its tie-up with Amoco in December, began life in 1901 when English adventurer William D'Arcy won a concession from the grand vizier of Persia ... FULL TEXT

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Wednesday
March 31, 1999

* Long haul ahead for Iran's oil opening

DUBAI, March 31 (Reuters) - Iran's biggest oil opening to foreign investors in 20 years is caught in a web of price uncertainty, threatened U.S. sanctions and paralysis in decision-making, analysts say. ``The Iranians are under pressure from all sides. Nobody wants to decide what to do,'' said an Iranian oil analyst. ``The selection procedure has slowed this (opening) down considerably at a time when U.S. sanctions are keeping out the bulk of the industry.'' ... FULL TEXT

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* Oil market revives as OPEC cracks whip

LONDON, March 31 (Reuters) - Long seen as past its prime, OPEC on the brink of 40 is enjoying unaccustomed vigour. Revived by a hefty injection of political will, the producer club born in 1960 has a precocious spring in its step as prices perk up in response to tough OPEC output cuts. ``Put it down to political direction from the top, and leadership by the Saudis,'' said Peter Gignoux of Salomon Smith Barney ... FULL TEXT

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Tuesday
March 30, 1999

* Iran non-oil exports fall 2 percent to $3 billion in year

TEHRAN, March 30 (Reuters) - Iran's non-oil exports, stagnant in the past few years, fell 2 percent to about $3 billion in the year to March, Iranian television reported on Tuesday. It said Iran exported $1.6 billion worth of industrial products, $750 million in agricultural goods, and carpets and handicraft worth $700 million in the Iranian year that ended on March 20 ... FULL TEXT

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Monday
March 29, 1999

* Iran's petrochemical industry striving to be major play in Mideast

Tehran, march 29, irna -- after years of stagnation, iran's petrochemical industry is striving to be a major player in the middle east, wrote an article in the cover story of iran exports & imports. buckled under the pressures of war, slowed by u.s. sanctions in the post war period, the industry survived, recovered and grew considerably, emerging bigger and more confident than ever been ... Part One... Part Two... Part Three... Part Four

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* BP Amoco shortens field in oil race

LONDON, March 29 (Reuters) - A merger with Atlantic Richfield would remove one of BP Amoco's most aggressive U.S. rivals from a race for international oil and gas ventures, analysts said. With a stroke of the pen, Arco's name would vanish from a list of contenders for dazzling international upstream opportunities including multibillion dollar openings in energy giants Iran and Kuwait ... FULL TEXT

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$ Rate

Updated March 31

The dollar now offered at 790-810 tomans in the U.S. and 817 tomans in Iran

Sehaty Exchange (U.S.) 602-595-0777


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U.S.-Iran Business Council Forum

The Iranian Trade Association, along with our host, the Washington International Trade Association will present the First Quarterly U.S.-Iran Business Council Forum: "The Process of Engagement" on Wednesday, February 3, 1999 in Washington, DC ... MORE DETAILS


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