Business
May 3-7, 1999 / Ordibehesht 13-17, 1378
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Today
* OPEC basket price down by 14 cents
Previous
* BP Amoco backs Iranian route for Caspian
exports
* Iran lifts economic sanctions against Argentina
* Shell still waiting for South Pars award
* Iran may have 19 mln drug addicts by 2021
* Iranian president of Qwest Communications
* Iran cuts funds to industry by 80 percent
* Iran issues new South Pars gas field tender
* Iran, Saudi Arabia sign civil aviation deal
* Turkey says U.S. still opposes Iran gas deal
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$ Rate
Updated May 7, 1999
* To send money to Iran, the rate is 800-814 tomans per
dollar, depending on how much you wish to send.
* To send money out of Iran, the rate is 816 tomans per
dollar.
Source: Sehaty Foreign Exchange. Preferntial rates for readers of The
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Friday,
May 7, 1999
* OPEC basket price down by 14 cents
Vienna, may 6, irna -- the price of the opec basket of seven crudes
increased by 12 cents and stood at dlrs 16.57 a barrel wednsday. this was
down from dlrs 16.71 tuesday according to opec secretariat calculations
released here on thursday ... FULL
TEXT
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Thursday
May 6, 1999
* BP Amoco backs Iranian route for Caspian exports
London, may 6, irna - a top executive of bp amoco has challenged u.s.
opposition to iran being used as a route to export caspian oil by warning
there will be problems with costs without iranian involvement. vice-president
tony hayward of the newly merged uk-u.s. group suggested wednesday that
iran must be involved in the development of solutions for oil exports from
the land-locked states, according to reuters ... FULL
TEXT
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* Iran lifts economic sanctions against Argentina: official
BUENOS AIRES, May 5 (AFP) - Iran unilaterally lifted economic sanctions
against Argentina imposed after Buenos Aires accused Tehran of being responsible
for a bomb on a Jewish center here, an official here told AFP Wednesday
night ... FULL
TEXT
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Wednesday
May 5, 1999
* Shell still waiting for South Pars award
London, may 5, irna - royal dutch/shell denied wednesday that it had
withdrawn from bidding for the fourth and fifth phases of development at
iran's offshore south pars gas field. a spokeswoman from their london office
told irna that the anglo-dutch firm had "not pulled out" as reported
by energy compass ... FULL
TEXT
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* Iran may have 19 mln drug addicts by 2021 - expert
TEHRAN, May 5 (Reuters) - There could be 19 million drug addicts in
Iran among a projected population of 119 million in about two decades if
a rise in drug use continues, an Iranian narcotics expert said in remarks
published on Wednesday ... FULL
TEXT
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Tuesday
May 4, 1999
* Iranian president of Qwest Communications
The Denver Post, May 4 - A two-month search for a new president of Qwest
Communications has ended. Qwest's find, an Iranian-born, California-reared,
36-year-old telecom wunderkind, says he aims to help the Denver company
revolutionize communication. Mohebbi comes to Qwest from British Telecommunications,
where he heads the United Kingdom markets division, an $18 billion business
unit that serves 20 million residential customers ... FULL
TEXT
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* Iran cuts funds to industry by 80 percent
TEHRAN, May 4 (Reuters) - Iran, hit by low oil income, cut state hard
currency allocations to industries by 80 percent in the year to March,
a senior official said in remarks published on Tuesday. Deputy Industry
Minister Hossein Naji said the Central Bank reduced foreign exchange allocations
to industries from an annual average of $4.5 billion to just $900 million
in the Iranian year that ended on March 20, the daily Abrar-e Eqtesadi
reported ... FULL
TEXT
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* Iran issues new South Pars gas field tender
DUBAI, May 4 (Reuters) - Iran on Tuesday issued a tender for foreign
energy companies to develop phases six, seven and eight of the giant South
Pars offshore gas field under one of the country's so-called buy-back investment
programmes. A copy of the National Iranian Oil Company (NIOC) tender document
faxed to Reuters invited international oil firms with ``technical competence,
financial ability and professional skills'' interested in the project to
collect tender documents from April 24 ... FULL
TEXT
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Monday
May 3, 1999
* Iran, Saudi Arabia sign civil aviation deal
TEHRAN, May 2 (Reuters) - Iran and Saudi Arabia on Sunday signed an
agreement increasing the number of commercial flights between the two countries,
state television reported ... FULL
TEXT
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* Turkey says U.S. still opposes Iran gas deal
ANKARA, May 3 (Reuters) - Turkey said on Monday the United States still
opposed a 1996 agreement between Ankara and Tehran under which Turkey would
buy Iranian gas from 2001 through a joint pipeline ... FULL
TEXT
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