Business
November 1-5, 1999 / Aban 10-14, 1378
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* NYMEX crude up on Norway, eases on
OPEC compliance
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* Shell plans moves into Saudi Arabia,
Iran
* Oil heads higher as OPEC keeps supply tight
* Germany in Iran trade talks
* US representatives to attend Iranian conference
* Iran aims to raise oil output in Ahvaz fields
* Iran planning $300 million Eurobond issue
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Friday,
November 5, 1999
* NYMEX crude up on Norway, eases on OPEC compliance
NEW YORK, Nov 5 (Reuters) - Crude oil futures and products moved sharply
up early Friday, helped by news that Norway may consider extending supply
cuts beyond March next year but then moved lower mid-morning as profit-takers
took down the front month from its high perch, traders said. Traders said
the trek downwards followed news of a Reuters survey showing that compliance
to output cuts by 10 OPEC members slipped to 80 percent in October from
86 percent in September ... FULL
TEXT
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Thursday
November 4, 1999
* INTERVIEW-Shell plans moves into Saudi Arabia, Iran
LONDON, Nov 4 (Reuters) - Oil giant Royal Dutch/Shell is poised for
a breakthrough in the Middle East where it hopes to nail down new projects
in Iran and Saudi Arabia, company chairman Mark Moody-Stuart said on Thursday
... FULL
TEXT
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Wednesday
November 3, 1999
* Oil heads higher as OPEC keeps supply tight
LONDON, Nov 3 (Reuters) - Oil prices resumed upward progress on Wednesday
as signs emerged that export cartel OPEC had kept up tight compliance with
supply curbs through October. International benchmark Brent in London for
December delivery was up 52 cents at $22.60 a barrel by 1800 GMT, near
the middle of a four dollar price range over the past five weeks ... FULL TEXT
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Tuesday
November 2, 1999
* Germany in Iran trade talks despite businessman's continued detention
TEHRAN, Oct 31 (AFP) - A German business delegation concluded two days
of talks here Sunday on boosting trade with Iran despite the cloud over
relations posed by the continued detention of businessman Helmut Hofer.
Around 100 industrialists and representatives of major German and Iranian
companies attended the export promotion seminar sponsored by the German
economy ministry and the Iran-German Chamber of Commerce ... FULL TEXT
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* US representatives to attend Iranian conference on Gulf gas resources:
press
TEHRAN, Nov 1 (AFP) - US representatives will attend an international
conference on the Persian Gulf's gas resources being staged by Tehran next
week in a bid to boost gas exports to world markets in the 21st century,
a press report said Monday ... FULL
TEXT
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* Iran aims to raise oil output in Ahvaz fields
DUBAI, Nov 2 (Reuters) - Iran is seeking to more than double oil production
in the Ahvaz area to 650,000 barrels per day (bpd) from the current level
of 300,000 bpd, a senior Iranian oil official said in remarks published
on Tuesday ... FULL
TEXT
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Monday
November 1, 1999
* Iran planning $300 million Eurobond issue
October 29, 1999 (Middle East Economic Digest) - Tehran is planning
to return to international capital markets with an initial Eurobond of
$300 million, according to Bank Markazi (central bank). The government
has sent a proposal to issue the bonds to the majlis for approval, says
Mohammad Jafar Mojarrad, vice-governor of the central bank ... FULL TEXT
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