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Business
May 30-June 2, 2000 / Khordad 10-13, 1379

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BUSINESS NEWS INDEX

Friday,
June 2, 2000

* Fire hits oil pipeline in southern Iran

TEHRAN, June 2 (AFP) - A raging fire erupted Friday on a stretch of oil pipeline in southwest Iran, the official IRNA news agency reported >>> FULL TEXT

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* Turkmen price stance clouds Caspian gas line future

ASHGABAT, June 2 (Reuters) - The prospects for a U.S.-backed trans-Caspian gas pipeline project receded further on Friday after Turkmenistan's president said he would never lower gas export prices, as suggested by the consortium building the link. His remarks come just days after President Saparmurat Niyazov pledged to sell large amounts of gas every year to Russia, effectively depriving the planned pipeline of its supply source. He has also spoken of a dispute with the consortium >>> FULL TEXT

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Previous

* Fire hits oil pipeline in southern Iran
* Turkmen price stance clouds Caspian gas line future
* Iran Says Wants to Create Market for Caspian Crude
* U.S. Holds Firm On Sanctions On Iran Energy Market - Official
* Increases in oil prices could lead to rise in output: Iran

* U.S. Trade Initiative No Bonanza
* Crude oil prices sink
* Iran detains tanker carrying Iraqi crude: agency

* Iran to raise oil production capacity by 25 percent
* Iran, India to study gas pipeline through Pakistan

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Monday | Tuesday | Wednesday | Thursday | Friday


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Thursday
June 1, 2000

* Iran Says Wants to Create Market for Caspian Crude

LONDON, May 31 (Reuters) - Iran intends to become a major consumer of Caspian Sea crude oil to bolster economic and political ties with its northern neighbours, a senior Iranian oil official said on Wednesday. "Iran could guarantee at least a 500,000 barrels per day (bpd) market inside the country for crude oil from Kazakhstan, Azerbaijan and Turkmenistan," said Hossein Kazempour Ardebili, senior adviser to Oil Minister Bijan Zanganeh >>> FULL TEXT

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* U.S. Holds Firm On Sanctions On Iran Energy Market - Official

May 31, 2000, LONDON -(Dow Jones)- U.S. Secretary of State for the Caspian John Wolf said Wednesday there had been no change in U.S. policy on energy cooperation with Iran . Speaking to Dow Jones Newswires, Wolf said the U.S. has yet to see changes within the region on terrorism and the manufacture of weapons of mass destruction, which are necessary before it is prepared to lift sanctions on Iran 's energy sector >>> FULL TEXT

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* Increases in oil prices could lead to rise in output: Iran

TEHRAN, June 1 (AFP) - The current rise in crude oil prices could lead OPEC to increase its output under a mechanism it agreed at its last meeting in March, Iran's representative at the Organisation of Petroleum Exporting Countries told state radio Thursday. "A rise in production of up to 500,000 barrels per day (bpd) is enough to halt the rise in prices," said Hossein Kazempur-Ardebili, who is currently in London >>> FULL TEXT

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Wednesday
May 31, 2000

* U.S. Trade Initiative No Bonanza

By Howard Schneider
Washington Post Foreign Service
Wednesday, May 31, 2000

Secretary of State Madeleine K. Albright may have thought she was doing Iranians a big favor when she recently announced relaxed trade rules governing some of their embargoed products, including caviar, pistachios and Persian rugs, but the news has landed with a thud here in the capital of the Islamic republic >>> FULL TEXT

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* Crude oil prices sink

May 31, (AP) -- Crude oil prices plunged more than 4 percent Wednesday on the New York Mercantile Exchange on the widespread belief that another production increase by OPEC countries is imminent. The selling mood extended to other energy commodities. Gasoline tumbled after first hitting its highest price since the Gulf War; heating oil also retreated. Meanwhile, natural gas jumped to its latest 31/2-year high >>> FULL TEXT

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* Iran detains tanker carrying Iraqi crude: agency

TEHRAN, May 31 (AFP) - Iranian Revolutionary Guards last week detained a small tanker transporting smuggled Iraqi oil, the official IRNA news agency announced Wednesday >>> FULL TEXT

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Tuesday
May 23, 2000

* Iran to raise oil production capacity by 25 percent

KUALA LUMPUR, May 29 (AFP) - Iran plans to raise its oil production capacity from four million barrels a day to five million under its five-year plan to 2005, an executive of the national oil firm said Monday. "This is an initial step and further capacity expansion plans are now in hand," said Ahmad Rahgozar, vice-president of the National Iranian Oil Company >>> FULL TEXT

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Monday
May 29, 2000

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