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March 15-19, 1999 / Esfand 24-28,1377

News | Sports | Arts | Rights | Community

Today

* Russia offers US deal to end its nuclear aid to Iran
* It's business first for Iran at UAE arms fair
* Iran pins hopes on OPEC to meet budget forecasts
* Iran official says trade zones to get liberal laws

Previous

* European oil companies flock to Iran
* Iran steps up calls for US investment
* The Hague oil producer cuts deal
* Oil prices soar as producers agree new cuts
* Iran, Italy conclude $2 billion deals
* Iran stresses opposition to Turkmen pipeline project
* Crude down on lack of oil talk news
* Iranian delegation meets ENI officials
* No decision imminent on US farm sales to Iran
* Crude oil futures soar

News | Sports | Arts | Rights | Community


Monday | Tuesday | Wednesday | Thursday | Friday


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$ Rate

Updated March 15, 1999

* To send money to Iran, the rate is 772-792 tomans per dollar, depending on how much you wish to send.

* To send money out of Iran, the rate is 805 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


Wednesday
March 17, 1999

* Russia offers US deal to end its nuclear aid to Iran: report

WASHINGTON, March 17 (AFP) - Russia will offer to curtail its nuclear cooperation with Iran if United States lifts its sanctions on two Russian research facilities, The New York Times said Wednesday. The offer, revealed by Russian Energy Minister Yevgeny Adamov during an interview, will be made during Russian Prime Minister Yevgeny Primakov's visit to Washington next week, the daily said ... FULL TEXT

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* It's business first for Iran at UAE arms fair despite island row

ABU DHABI, March 17 (AFP) - Under the motto of "business first," Iranian exhibitors have tried to attract potential buyers from around the world at the Abu Dhabi arms fair despite Tehran's islands dispute with their Emirati hosts. "It's been going fairly well. We are confident in the interest shown," said Hossein Shahbazi Jafari, an official of Iran's defence ministry overseeing Iran's participation ... FULL TEXT

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* Iran pins hopes on OPEC to meet budget forecasts

TEHRAN, March 17 (AFP) - Iran's central bank governor said Wednesday he expects promised OPEC cutbacks to enable the Islamic republic to meet its budget forecasts and bring a return to monetary stability. "Given the present trend in the world oil market there is a great possibility that figures stipulated in next year's state budget will be realised and the country's monetary situation will be stabilised," Mohsen Nurbakhsh told the official IRNA news agency ... FULL TEXT

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* Iran official says trade zones to get liberal laws

TEHRAN, March 17 (Reuters) - A senior Iranian official said on Wednesday he expected liberal laws fostering foreign investment in Iran's free trade zones to be passed despite the opposition of a top conservative body. ``The whole thing will be wrapped up in two months. I don't think we will have any problems with laws and regulations in the trade zones,'' said Morteza Alviri, the head of the trade zones ... FULL TEXT

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Tuesday
March 16, 1999

* European oil companies flock to Iran

March 10, 1999, (THE WALL STREET JOURNAL) - European oil companies are flocking back to Iran, lured by attractive deals from the Islamic government. But U.S. firms, barred by American sanctions on Iran, remain largely sidelined for now. With petroleum prices at their lowest level in real terms since the Great Depression, some big oil companies bet they can make big money in Iran, which Western petroleum majors left after the Islamic revolution of 1979 ... FULL TEXT

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Monday
March 15, 1999

* Iran steps up calls for US investment in oil, gas sectors

TEHRAN, March 15 (AFP) - Tehran again challenged Washington on Monday to allow US firms to do business in Iran's oil and gas sectors and end sanctions against the Islamic republic. "It's time that the United States revised its policy and attitude and opened the way for US companies to take part in oil and gas development projects in Iran," Foreign Minister Kamal Kharazi said ... FULL TEXT

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Friday,
March 12, 1999

* The Hague oil producer cuts deal

THE HAGUE, March 12 (Reuters) - Following is the full text of the statement released at the end of the oil producer talks on Friday: 1) In response to an invitation by HE Youcef Yousfi, the Minister of Energy and Mines of Algeria and President of the OPEC Conference, the Minister of Petroleum of Iran, Bijan Namdar Zangeneh; the Minister of Petroleum and Mineral Resources of Saudi Arabia, Ali Al-Naimi; and, the Minister of Energy and Mines of Venezuela, Ali Rodriguez, met at the Algerian Embassy in The Hague on the 11th and 12th of March, to exchange views on the current situation and outlook of the international oil market. The Minister of Energy of Mexico was represented by Adrian Lajous, CEO of PEMEX, the Mexican state oil company ... FULL TEXT

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* Oil prices soar as producers agree new cuts

LONDON, March 12 (Reuters) - World oil prices gained nearly a dollar on Friday, soaring after an emergency meeting of key oil powers agreed to remove more than two million barrels per day (bpd) from a glutted market to support prices. International benchmark Brent blend crude oil from the North Sea breached a psychological level of $13 a barrel shortly after Saudi Arabian Oil Minister Ali al-Naimi announced news of a deal in The Hague ... FULL TEXT

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* Iran, Italy conclude $2 billion deals

TEHRAN, Iran, March 12 (UPI) -- An Iranian official says his country has signed economic agreements worth $2 billion with Italy during a visit by Iranian President Mohammed Khatami to Rome this week. Minister of Mines and Metals Eshaq Jahangiri, who is also the head of the Iran-Italy Joint Committee, said today) initial accords were reached to execute numerous economic projects by Italy in Iran ... FULL TEXT

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Thursday
March 11, 1999

* Iran stresses opposition to Turkmen pipeline project

TEHRAN, March 10 (AFP) - Iran's oil ministry reiterated its opposition Wednesday to Turkmenistan's plans for a natural gas pipeline under the Caspian sea that would bypass the Islamic republic. Iran is the "best and cheapest route," said Deputy Oil Minister for Caspian affairs Ali Majedi before leaving for an international oil and gas conference that began Wednesday in the Turkmen capital of Ashgabad ... FULL TEXT

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* Crude down on lack of oil talk news

March 11, 1999, (AP) - Crude oil futures retreated on the New York Mercantile Exchange Thursday as market participants awaited news from a meeting of key world oil producers in Amsterdam. But the meeting in Amsterdam of Saudi Arabia -- the world's top producer -- Venezuela, Iran, Algeria, Mexico and Norway produced no news of solid plans to go ahead with the supply cuts ... FULL TEXT

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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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