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Feb 22-26, 1999 / Esfand 3-7,1377

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Today

* India, Iran studying Indian Ocean gas pipeline

Previous

* Germany nears debt deal with Iran
* Lingering Iran oil row hits OPEC prospects
* Russia blasts US over Iran sanctions
* Iran to allow private banks, official says
* Thais say fail to reach rice deal with Iran
* Oil markets fixed on Saudi, Iran mystery
* Israeli firm brokers Caspian gas deal
* Iranian president to visit Saudi Arabia soon
* Iran secures $900 mln loan for gasfield
* Financing search delays Iran Caspian deal
* Saudi airlines to resume flights to Iran

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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,
February 26, 1999

* India, Iran studying Indian Ocean gas pipeline

TEHRAN, Feb 25 (AFP) - An Indian delegation is to visit Iran to discuss the possibility of building an Indian Ocean pipeline to ship Iranian liquified natural gas to the subcontinent, Foreign Minister Kamal Kharazi said Thursday. Kharazi, in an interview with the official IRNA news agency in New Delhi, where the foreign minister is on a visit, said discussions were held with Indian officials on LNG purchases and the possibility of building a pipeline ... FULL TEXT

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Thursday
February 25, 1999

* Germany nears debt deal with Iran

BONN, Feb 25 (Reuters) - Talks on making it easier for Iran to service billions of marks in debts to Germany in the wake of a world oil price slump have reached an advanced stage, German officials said on Thursday. Details of the talks were sketchy, but an official at the Ausfuhrkreditanstalt (AKA) in Frankfurt, which represents 40 lender banks, said a restructuring could be announced in March ... FULL TEXT

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* Lingering Iran oil row hits OPEC prospects

LONDON, Feb 25 (Reuters) - Prospects for further oil output cuts suffered a fresh blow on Thursday when Iran indicated a lingering dispute with Saudi Arabia over supply restraint was still very much alive. A statement by an Iranian OPEC source shredded hopes for a resolution of a bad tempered row that has defied resolution for months, blocking progress by OPEC on moves to raise sagging prices ... FULL TEXT

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* Russia blasts US over Iran sanctions

MOSCOW, Feb 25 (Reuters) - Russia turned up the volume in a dispute with the United States over nuclear cooperation with Iran on Thursday, saying it would not accept being talked to in the ``language of sanctions and pressure.'' The Foreign Ministry dismissed U.S. accusations that Russian firms were helping Iran develop nuclear and missile programmes, and reiterated its condemnation of sanctions imposed by Washington on 10 Russian companies and research institutes ... FULL TEXT

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* Iran to allow private banks, official says

TEHRAN, Feb 25 (Reuters) - Iran has approved the creation of private banks for the first time since the 1979 Islamic revolution, which led to the nationalisation of banking, a senior official said in remarks published on Thursday. Nasser Yusefikia, a senior Central Bank official, told newspapers that the idea had been approved at the highest levels of the government ... FULL TEXT

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* Thais say fail to reach rice deal with Iran

BANGKOK, Feb 25 (Reuters) - Thailand failed on Thursday to reach an agreement on rice sales to Iran, a senior Commerce Ministry official said. Pracha Charutrakulchai, director-general of Department of Foreign Trade, told Reuters after meeting Iranian negotiators that they had agreed in principle to try to boost trade volumes between their two countries ... FULL TEXT

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Wednesday
February 24, 1999

* Oil markets fixed on Saudi, Iran mystery

DUBAI, Feb 24 (Reuters) - Depressed world oil markets are asking the big question -- are OPEC titans Saudi Arabia and Iran negotiating a secret deal or does the silence in the Gulf mean that bad times are about to get worse? Central to the mystery is Iranian President Mohammad Khatami's travel plans, which could prove decisive in whether the Organisation of the Petroleum Exporting Countries resolves the dispute over the baseline from which Iran cuts its oil output under a cartel pact ... FULL TEXT

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Tuesday
February 23, 1999

* Israeli firm brokers Caspian gas deal

February 21, 1999 (Ha'aretz) - In a deal brokered by Herzliya-based firm Merhav, giant U.S. firms General Electric and Bechtel signed a memorandum of understanding in Turkmenistan on Friday, affirming their intentions to build a $2.5 billion natural-gas pipeline from Turkmenistan to Turkey, bypassing Iran by crossing the Caspian Sea ... FULL TEXT

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* Iranian president to visit Saudi Arabia soon

TEHRAN, Feb 23 (Reuters) - Iranian President Mohammad Khatami is due to travel to Saudi Arabia some time in late March or in April, Iran's state television said on Tuesday. It said the president would visit Saudi Arabia either during the annual Haj pilgrimage, to start in late March, ``or a little after.'' ... FULL TEXT

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Monday
February 22, 1999

* Iran secures $900 mln loan for gasfield-MEES

NICOSIA, Feb 22 (Reuters) - The National Iranian Oil Company (NIOC) is understood to have secured a loan worth some $900 million to develop Iran's huge offshore South Pars gasfield, the Middle East Economic Survey (MEES) reported on Monday. The Cyprus-based newsletter said the pre-financing deal for the first-phase development will use crude from Iran's new Sirri A and E fields as collateral for the credit facility arranged by France's Credit Agricole ... FULL TEXT

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* Financing search delays Iran Caspian pipeline deal

DUBAI, Feb 22 (Reuters) - A deal to build a $347 million Caspian Sea oil pipeline through Iran has been delayed by a tough search for consortium partners who can deliver financing, an Iranian oil official said on Monday. Iranian project management firm MAPNA was still seeking consortium partners in Europe and had not ruled out two state-owned Chinese companies to help construct the pipeline to Iran's northern refineries, the oil official told Reuters ... FULL TEXT

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* Saudi airlines to resume flights to Iran

RIYADH, Feb 22 (Reuters) - Saudi Arabian Airlines Corp (SAUD.CN) is to resume flights to four Iranian cities after a halt of about two decades, the official Saudi Press Agency reported on Monday. It said officials from the civil aviation authorities of both countries signed an agreement on the flights after two days of talks in the Saudi Red Sea city of Jeddah. The report did not say when the flights would begin ... FULL TEXT

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