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Feb 15-19, 1999 / Bahman 26-30,1377
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Today
* Premier oil dismisses U.S. threats
* Italian officials say Khatami's visit "vital"
Previous
* Iran drills first well at new offshore field
* Iran advances Elf-ENI oilfield deal
* Premier oil dismisses U.S. threat on Iran
* Elf, Agip win $500 mln Iran Doroud oil deal
* U.S. to target Canada, UK firms in Iran oil deal
* Khamenei accuses US of hatching economic plots
* Khatami says nuclear plant will create 3,500 jobs
* Japan to restructure $500Mn of Iranian debt
* Oil earnings "$9 billion" for 1998-9
* Economic reform is Iran's biggest challenge
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Updated February 19, 1999
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Friday,
February 19, 1999
* Premier oil dismisses U.S. threats
London, feb. 19, irna - uk independent premier oil has dismissed u.s.
threats to investigate its joint deal with bow valley energy of canada
to develop balal offshore field under its extra-territorial sanctions
regime against iran ... FULL
TEXT
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* Italian officials say Khatami's visit "vital"
Rome, feb. 19, irna -- in a meeting with iranian deputy foreign minister
for euro-american affairs `morteza sarmadi' here thursday the italian minister
of parliamentary relations `guido folloni' said that the upcoming visit
of iran's president hojjatoleslam seyyed mohammad khatami to italy is of
great significance ... FULL
TEXT
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Thursday
February 18, 1999
* Iran drills first well at new giant offshore gas field
TEHRAN, Feb 18 (AFP) - Iran started drilling the first well Thursday
at the vast South Pars gas field in the Persian Gulf, the official IRNA
news agency reported. Iranian President Mohammad Khatami watched the operations
and broadcast a message thanking the Iranian engineers working on the project
... FULL TEXT
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* Iran advances Elf-ENI oilfield deal
Feb 18, 1999, GENEVA, (WALL STREET JOURNAL) -- Iran's Supreme Economic
Council has approved a contract under which France's Elf Aquitaine SA and
Italy's ENI SpA would develop a large oil and natural-gas field in the
Persian Gulf, in a deal that furthers Tehran's campaign to circumvent U.S.
economic sanctions. Terms of the contract for the offshore Dorood field,
off Iran's Kharg Island, were agreed on some time ago by Elf, ENI and Iran.
But the signing of the deal has been repeatedly put off until formal approval
from the council, which vets such agreements, and the Iranian cabinet ...
FULL TEXT
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* Premier oil dismisses U.S. threat on Iran
LONDON, Feb 18 (Reuters) - Britain's Premier Oil (quote from Yahoo!
UK & Ireland: PMO.L) on Thursday played down the prospect of retaliatory
U.S. sanctions over its involvement in an Iranian offshore oil project.
``From the U.S. perspective, we are not in breach of the rules,'' Steve
Lowden, Premier's international director, told Reuters. ``From our perspective,
there are no sanctions to breach,'' he added ... FULL TEXT
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Wednesday
February 17, 1999
* Elf, Agip win $500 mln Iran Doroud oil deal
DUBAI, Feb 17 (Reuters) - France's Elf Aquitaine and Italy's ENI have
won a deal worth some $500 million to expand Iran's Doroud offshore oil
and gasfield, an Iranian oil official said on Wednesday. ``The National
Iranian Oil Company has awarded Elf and Agip the Doroud deal and it has
been approved by the Supreme Economic Council,'' the official, who asked
not to be identified, told Reuters ... FULL
TEXT
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* U.S. to target Canada, UK firms in Iran oil deal
WASHINGTON, Feb 17 (Reuters) - The Clinton Administration will target
two Canadian and British companies taking part in a $200 million Iranian
oil project under a U.S. sanctions law that seeks to deter large foreign
investments in Iran's energy sector, a State Department spokesman said
Wednesday ... FULL
TEXT
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* Khamenei accuses US of hatching economic plots
TEHRAN, Feb 17 (AFP) - Iran's supreme leader Ayatollah Ali Khamenei
accused the United States on Wednesday of hatching economic plots against
the Islamic republic. "Pressures on our economy and obstacles in the
way of government efforts to solve the population's daily problems are
among the economic conspiracies of the United States, the Great Satan,
and other enemies of Islam," Khamenei said, according to state radio
... FULL TEXT
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* Khatami says nuclear plant will create 3,500 jobs
TEHRAN, Feb 17 (AFP) - Iranian President Mohammed Khatami vowed Wednesday
to press ahead with the controversial Bushehr nuclear power plant, saying
it would provide thousands of jobs and show the world Iran's technical
capabilities ... FULL
TEXT
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Tuesday
February 16, 1999
* Japan to restructure $500Mn of Iranian debt
15 February, (Middle East Economic Survey) - Following official negotiations
in January between the Central Bank of Iran and the Japanese Government,
the Japanese Export Import Bank (JEXIM) and a group of private companies
have agreed to reschedule nearly $500mn of Iranian debt (the total outstanding
in Japanese private credit) in the form of a loan ... FULL
TEXT
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* Oil earnings "$9 billion" for 1998-9
TEHRAN, Feb 14 (AFP) - Iran now expects to earn just nine billion dollars
from oil exports for 1998-1999, a massive fivebillion dollar shortfall
on the 14 billion dollars originallyprojected, officials announced on Sunday.
The collapse in the world oil price over the past six months meant that
Iran was now earning 25 percent less from oil exportsthan it was at the
time of the Islamic Revolution 20 years ago, thedirector of the state Planning
and Budget Organization, Mohammad-AliNajafi, told the official news agency
IRNA ... FULL
TEXT
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Monday
February 15, 1999
* Economic reform is Iran's biggest challenge
TEHRAN, Feb 15 (Reuters) - With its oil revenue halved and its currency
sliding, Iran is in desperate need of reforming its state-dominated economy.
But the power of conservative Shi'ite Moslem clerics and the constraints
of the Islamic Republic's 1979 constitution pose daunting challenges to
President Mohammad Khatami as he struggles to promote modernisation, privatisation
and foreign investment ... FULL
TEXT
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