Business
July 10-14, 2000 / Tir 20-24, 1379
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BUSINESS NEWS INDEX
Friday,
July 14, 2000
Iranian and Venezuelan presidents discuss oil market
TEHRAN, July 14 (AFP) - Iranian President Mohammad Khatami discussed
"the situation of the oil market" with Venezuelan counterpart
Hugo Chavez Thursday, local radio reported here. The report comes amid
confusion over reports from Kuwait that there will be an OPEC oil ministers
meeting in Vienna next week, with OPEC president Ali Rodriguez of Venezuela
and Qatari Oil Minister Abdullah bin Hamad al-Attiya saying they are unaware
of any such plans >>
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U.S. oil prices steady as OPEC delays production hike
NEW YORK, July 14 (Reuters) - U.S. oil prices fell slightly Friday as
the OPEC cartel failed again to reach agreement on when or if to raise
crude production. West Texas Intermediate crude futures on the New York
Mercantile Exchange lost just seven cents to $31.40 a barrel, holding within
nearly three dollars of post-Gulf War highs struck earlier this year >>> FULL
TEXT
INDEX
INDEX
* Iranian and Venezuelan presidents
discuss oil market
* U.S. oil prices steady as OPEC delays
production hike
* Iran sees U.S. oil firms stepping up
moves to invest
* Political tensions holding back foreign investment
* Iran is bullish on planned eurobond
* Chevron urges U.S. to end Iran sanctions
* German group to build biggest olefin
plant in Iran
* Germany raises Iran's export credits
* Bread prices up by 10-15 percent
* Italian firm to sign major gas contract in Iran
* Caviar exports seen below 90 tonnes
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Thursday,
Iran sees U.S. oil firms stepping up moves to invest
LONDON, July 13 (Reuters) - U.S. oil companies are stepping up their
contact with oil and gas rich Iran in a bid to bolster their upstream investment
prospects once Washington lifts its unilateral trade sanctions, a senior
Iranian official said on Thursday >>>
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Political tensions holding back foreign investment: Canadian analyst
TEHRAN, July 13 (AFP) - Iran's ongoing political tensions and the uncertain
outcome of next year's presidential elections are holding back foreign
investments and the opening up of political life, a Canadian economist
told AFP Thursday >>>
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Iran is bullish on planned eurobond
Financial Times, July 13, 2000, Tehran -- Iran expects a good reception
for its planned eurobond issue, its first foray into international capital
markets since the 1979 Islamic revolution, Mohsen Nourbaksh, governor of
the Central Bank of Iran (CBI), said yesterday >>>
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INDEX
Wednesday
July 12, 2000
Chevron urges U.S. to end Iran sanctions
LONDON, July 12 (Reuters) - A senior U.S. oil executive urged Washington
on Wednesday to remove sanctions against Iran to allow U.S. companies to
join their competitors in tapping into the Gulf state's huge oil and gas
potential. ``Unilateral sanctions are generally ineffective in accomplishing
their stated goals,'' Richard Matzke, vice-chairman and director of Chevron
(NYSE:CHV - news), told a conference in London on Iran's oil, gas and petrochemical
sectors >>>
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Tuesday
July 11, 2000
German group Linde to build world's biggest olefin plant in Iran
WIESBADEN, Germany, July 11 (AFP) - The German engineering group Linde
said Tuesday that it had won a contract worth 350 million euros (333 million
dollars) to build the world's largest olefin plant in Iran's free trade
zone, Bandar Imam, on the Persian Gulf. The project was commissioned by
the Iranian National Petrochemical Company and was announced to coincide
with the visit of Iranian President Mohammad Khatami to Germany, Linde
said in a statement >>>
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Germany raises Iran's export credits
By Haig Simonian in Berlin
Financial Times
July 11, 2000
The German government announced a fivefold increase in export credit
guarantees in an attempt to boost trade with Iran after initial meetings
with Mohammad Khatami, the country's pro-reform president. Economic relations
took precedence over human rights issues as the Iran leader began a three-day
state visit to Germany criticised by both conservative opponents at home
and Iranian exiles in Europe>>>
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Bread prices up by 10-15 percent
Tehran, July 10, IRNA -- Prices of bread have increased by 10-15 percent
in past days here intensifying people's woes blamed on a floundering economy,
a press report said on Monday. The daily `Abrar' reported that certain
bakers unilaterally hiked prices in the past two or three days, a decision
which could compound problems for a bread-eating population >>>
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Monday
July 10, 2000
Italian firm ENI about to sign major gas contract in Iran: official
TEHRAN, July 8 (AFP) - The Italian company ENI is about to sign a 2.5
billion dollar contract with Iran to develop gas reserves in the Persian
Gulf, one of the country's largest gas agreements, an Iranian official
has announced. The agreement is due be signed in about two weeks between
ENI and the Iranian government and the Iranian firm Petro-Pars, Saturday's
edition of the state-run daily Iran quoted the official as saying >>> FULL TEXT
INDEX
Caviar exports seen below 90 tonnes this year: official
TEHRAN, July 9 (AFP) - Iran is expected to export less than 90 tonnes
of caviar this year as the country's caviar industry continues to decline,
the head of the National Fishing Society said Saturday. "This decline
is caused particularly by illegal fishing of sturgeon fish in seaside countries,"
Khodakaram Jalili said >>>
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