Business
April 5-April 9, 1999 / Farrvardin 16-20, 1378
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* Mobil calls for US-Iran rapprochement
* Shrinking stockpile helps lift oil prices
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* OPEC March output lower, 85 pct compliance-survey
* Conference on petrochemical industry
* Iran to raise May oil export cut to at least 12%
* Premier Oil out of Iran oilfield deal-source
* France's Elf, Canada's Bow Valley sign Iran deal
* U.S. upset over French, Canadian oil deal with Iran
* 284,000 apply for cellular phones
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Friday,
April 9, 1999
* Mobil calls for US-Iran rapprochement, criticizes sanctions policy
WASHINGTON, April 9 (AFP) - US oil giant Mobil on Friday urged reconciliation
between the United States and Iran and appealed for an easing in US sanctions
against investment in the Iranian oil industry. "US-Iran rapprochement
would go a long way to bolster regional harmony," the company said
in an advertising message that appeared in the Washington Post ...
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* Shrinking stockpile helps lift oil prices
LONDON, April 9 (Reuters) - Oil prices moved higher on Friday, buoyed
by projections of a sharp decline this year in petroleum stockpiles. A
brief scare over Russia's military intentions over Kosovo also helped boost
prices after a mid-week relapse undercut a six-week oil market recovery
... FULL
TEXT
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Thursday
April 8, 1999
* OPEC March output lower, 85 pct compliance-survey
LONDON, April 8 (Reuters) - OPEC curbed oil output in March before setting
tight new supply limits which came into effect this month, a Reuters survey
found. The Organisation of the Petroleum Exporting Countries sliced March
output by 380,000 barrels a day to 27.59 million from a revised 27.97 million
bpd in February, according to the survey of OPEC and oil industry officials
and analysts ... FULL
TEXT
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Wednesday
April 7, 1999
* Conference on petrochemical industry
tehran, april 7, irna -- international meetings on investment in iran's
petrochemical industry is to be held in tehran from april 19-20 and at
imam khomeini port (khuzestan province) on april 21 to introduce opportunities
for investment in iranian petrochemical industry. deputy oil minister mohammad-reza
nematzadeh told reporters here on wednesday that 160 representatives from
economic and banking institutes and engineering and industrial centers
from 30 countries in europe, asia, the middle east and the u.s. have applied
for visas to attend the session ... FULL
TEXT
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Tuesday
April 6, 1999
* Iran to raise May oil export cut to at least 12%
TEHRAN, April 6 (Reuters) - Iran said on Tuesday that it would raise
its oil export cuts to at least 12 percent in May from at least 10 percent
in April. ``The level of reduction of the export of crude oil in the month
of April 1999 will be at least 10 percent and starting in May there will
be at least a 12 percent reduction,'' said an Oil Ministry statement ...
FULL
TEXT
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* Premier Oil out of Iran oilfield deal-source
DUBAI, April 6 (Reuters) - Britain's Premier Oil has pulled out of a
multi-million dollar deal to develop Iran's offshore Balal oilfield because
of financing problems, an industry source said on Tuesday. ``They could
not finance it,'' the source, who requested anonymity, told Reuters ...
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TEXT
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Monday
April 5, 1999
* France's Elf, Canada's Bow Valley sign Iranian oil deal
TEHRAN, April 4 (AFP) - Two oil companies, Elf Aquitaine of France and
Canada's Bow Valley, late Sunday signed a 300-million-dollar contract with
Iran to exploit an oil deposit in the Gulf. The agreement flies in the
face of the US D'Amato law, which threatens to slap sanctions on any foreign
company investing more than 20 million dollars in Iran's oil sector ...
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* U.S. upset over French, Canadian oil deal with Iran
WASHINGTON, April 5 (Reuters) - The U.S. government on Monday said it
was disappointed over a $300 million oil development deal Iran signed with
French and Canadian companies, and indicated it may punish the firms for
violating a U.S. law limiting energy investments in Iran ... FULL
TEXT
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