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Latest

* Rafsanjani blasts OPEC for "cave in" to US pressures on production
* Buchanan: Lift Iraq, Iran sanctions

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* Japan says arms issue won't affect Iran relations
* Iran again slams US pressure on OPEC
* Zangeneh: Iranwon't surrender oil market share
* Crude oil prices fall
* OPEC has pact for more oil, without Iran-delegate
* Iran fears effect of falling oil prices on its economy
* Chevron says hopes for role in Iran oil sector soon
* Fire ravages historic square in Isfahan
* OPEC Fails To Agree on Oil Output
* Briton jailed in US for shipping air parts to Iran

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Friday,
March 31, 2000

* Rafsanjani blasts OPEC for "cave in" to US pressures on production

TEHRAN, March 31 (AFP) - Influential former Iranian president Akbar Hashemi Rafsanjani on Friday blasted Iran's OPEC colleagues for "caving in" to US pressure after the cartel opted to boost output in a bid to slash prices. "OPEC has unfortunately caved in to superpower pressures and approved the pillaging of its members' resources," he said during a sermon at weekly prayers at Tehran university >>> FULL TEXT

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* Buchanan: Lift Iraq, Iran sanctions

WASHINGTON (AP) - Reform Party presidential hopeful Patrick Buchanan says the United States should stabilize oil prices in part by lifting sanctions on Iran and Iraq, selling them oil-drilling equipment and threatening to withhold military help from Persian Gulf allies unless crude prices fall to $20 a barrel. ``None of these Gulf regimes is worth another war,'' Buchanan says in prepared remarks for his speech today at Boston University. ``We should play hardball with those who play hardball with us.'' >>> FULL TEXT

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Thursday
March 30, 2000

* Japan says arms issue won't affect Iran relations

TOKYO, March 29 (Reuters) - Japan said on Wednesday it did not expect any diplomatic fallout over the alleged involvement of a senior Iranian diplomat and OPEC official in illegal military exports from Japan. ``We are not linking this incident to our relations with Iran,'' said Ryu Yamazaki, press secretary at Japan's Foreign Ministry. ``This incident is being left up to the authorities who are investigating.'' >>> FULL TEXT

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* Iran again slams US pressure on OPEC

TEHRAN, March 30 (AFP) - Iran Thursday hit out again at US pressure on OPEC member states to increase oil production levels in order to lower oil prices. "American pressures on OPEC are in violation of the international rules of free commerce and trade," state radio quoted foreign ministry spokesman Hamid-Reza Asefi as saying >>> FULL TEXT

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Wednesday
March 29, 2000

* Zangeneh: Iranwon't surrender oil market share

TEHRAN (Reuters) - Iranian Oil Minister Bijan Zangeneh, defending his country's decision to opt out of an OPEC production pact, said on Wednesday Iran would not surrender its share of OPEC's oil export market. ``We will not give up our share under any circumstances,'' he said. ``We will soon decide how much (extra) to produce. This will be seen in action,'' he told Iranian state television from Vienna >>> FULL TEXT

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* Crude oil prices fall

March 29, AP) -- Crude oil and other energy futures prices fell sharply Wednesday on the New York Mercantile Exchange as the market continued to react to OPEC's decision to increase production and Iran's decision to go along with the other members of the cartel. Mexico, one of the leading oil producers not in the Organization of the Petroleum Exporting Countries, also plans to increase output. The expectation is that Norway on Thursday will also announce a production increase >>> FULL TEXT

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Tuesday
March 28, 2000

* OPEC has pact for more oil, without Iran-delegate

VIENNA, Austria ­­ OPEC ignored objections of its second-biggest member and agreed to increase oil production, but the amount of new oil flowing into the market might not be enough to bring down gasoline prices in the United States. Iran, the No. 2 OPEC oil producer, refused to endorse the action, saying the Organization of Petroleum Exporting Countries should not be a "rubber stamp." >>> FULL TEXT

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* Iran fears effect of falling oil prices on its economy

TEHRAN, March 28 (AFP) - If Iran, the second largest oil producer within the OPEC cartel, is opposing any hike in production, it has its own pressing economic reasons, say analysts. Any decision by the Organisation of Petroleum Exporting Countries to increase production could cause a sharp fall in the price of a barrel of crude, with disastrous effects for the government, said anaylst Daryush Abdali >>> FULL TEXT

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* Chevron says hopes for role in Iran oil sector soon

MANAMA, March 28 (Reuters) - U.S. energy group Chevron Corp (NYSE:CHV - news) said on Tuesday it hoped for a role in Iran's oil sector in the near future if U.S.-Iranian ties continued to improve. ``(Iran) is an area we would hope to be involved with and obviously there are political issues for a U.S. company,'' Robert Rossetter, general manager of the Bahrain office, told Reuters in an interview >>> FULL TEXT

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* Fire ravages historic square in Isfahan

TEHRAN, March 28 (AFP) - Fire severely damaged or destroyed at least 28 shops in the royal square in the central Iranian city of Isfahan Tuesday, one of the country's most historic sites, the official news agency IRNA reported. Firefighters took two hours to bring the blaze under the control, said the agency. The royal square is a major tourist attraction and is listed by both Iran and the UN cultural organisation UNESCO as an important heritage site.

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Monday
March 27, 2000

* OPEC Fails To Agree on Oil Output

VIENNA, Austria (AP) - OPEC oil ministers failed to reach agreement Monday on how much crude oil to add to global supplies, with Iran seen as the chief obstacle to a consensus that could provide some price relief to consumers. The ministers were to resume discussions Tuesday >>> FULL TEXT

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* Briton jailed in US for shipping air parts to Iran

NEW HAVEN, Conn., March 27 (Reuters) - A British citizen was sentenced on Monday to more than four years in prison for illegally shipping more than $20 million worth of U.S. aircraft engine parts to Iran, a federal prosecutor said. Pietro Rigolli, a British citizen living in Quebec, was sentenced by U.S. District Judge Janet Hall in Bridgeport, Connecticut, to 52 months in prison and was fined $100,000, U.S. Attorney Stephen Robinson said >>> FULL TEXT

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