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October 23-27, 2000 / Aban 2-6, 1379

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BUSINESS NEWS INDEX

Friday,
October 27, 2000

Japan lends Iran 69 million dollars for power project

TOKYO, Oct 26 (AFP) - Japan said Thursday it was extending a 69-million-dollar loan to help complete an Iranian power project, ahead of next week's visit to Tokyo by Iranian President Mohammad Khatami. The state-run Japan Bank for International Cooperation said it would lend 7.49 billion yen (69 million dollars) for the Masjid-e Soleiman hydroelectric power project in southwest Iran >>> FULL TEXT

INDEX

Iran to cut power to Azerbaijan in 24 hours over non-payment: paper

TEHRAN, Oct 27 (AFP) - Iran will cut off electricity to the autonomous Azerbaijani republic of Nakhichevan in the next 24 hours because it still owes Tehran 45 million dollars, press reports said Thursday. The Etelaat paper cited utilities officials as saying that the republic had disregarded a payment schedule set up nearly three years ago and that only one million dollars has been handed over so far >>> FULL TEXT

INDEX

INDEX

* Japan lends Iran 69 million dollars for power project
* Iran to cut power to Azerbaijan in 24 hours over non-payment: paper
* Iran Signs $850 Mln Salman Oil, Gas Deal

* Iran tanker firm says privatization on schedule
* Tehran trade with Saudi on the rise
* OPEC may increase oil production
* Spain extends 600 mln dollar credit line to Iran: Aznar
* Iran, Germany's Krupp sign in polyethylene plant deal
* Surging oil prices give Iran an extra six billion dollars

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Thursday
October 26, 2000

Iran Signs $850 Mln Salman Oil, Gas Deal

October 23, TEHRAN (Reuters) - Iran signed an $850-million deal with the Iranian company Petro Iran on Monday to boost oil output and begin natural gas production at the offshore Salman field in the Gulf, state television reported. It said that under the agreement, oil production would be increased to 130,000 barrels per day (bpd) within three years from the current 85,000 bpd >>> FULL TEXT

INDEX

Wednesday
October 25, 2000

Iran tanker firm says privatization on schedule

Tehran (Reuters) - Iran is proceeding with plans to privatise the state-owned National Iranian Tanker Co despite public criticism of the privatisation, NITC head Mohammed Souri said yesterday. "The transfer of National Iranian Tanker Co to the private sector is proceeding normally, according to the law," Iran's news agency, IRNA, quoted Souri as saying >>> FULL TEXT

INDEX

Tehran trade with Saudi on the rise

October 22, Gulf Daily News -- TEHRAN: Iran 's trade surplus with Saudi Arabia last year was $6.9 million on the back of a 32-plus per cent rise in exports to the kingdom, the official Irna news agency >>> FULL TEXT

INDEX

Tuesday
October 24, 2000

OPEC may increase oil production

CARACAS, Venezuela (AP) - The president of OPEC (news - web sites) said Tuesday the group could increase production as early as Monday if oil prices stay above the ceiling of a self-imposed band mechanism >>> FULL TEXT

INDEX

Monday
October 23, 2000

Spain extends 600 mln dollar credit line to Iran: Aznar

TEHRAN, Oct 22 (AFP) - Spain will provide Iran with a credit line of 600 million dollars as the two nations move to boost commercial ties, visiting Spanish Prime Minister Jose Maria Aznar said Sunday. He made the anouncement at a joint Tehran press conference with President Mohammad Khatami, saying economic and commercial relations with Iran were of "great importance." >>> FULL TEXT

INDEX

Iran, Germany's Krupp sign in polyethylene plant deal

TEHRAN, Oct 23 (Reuters) - Iran signed a deal with German engineering contractor Krupp Uhde Monday to build a polyethylene plant with an annual production capacity of 300,000 tonnes, the official news agency IRNA reported. It said the contract was signed by a subsidiary of Iran's National Petrochemical Co. for the plant to be built within three years in a special petrochemicals zone near the southwestern port of Bandar (Imam) Khomeini on the Persian Gulf >>> FULL TEXT

INDEX

Surging oil prices give Iran an extra six billion dollars

TEHRAN, Oct 23 (AFP) - Surging oil prices have given Iran around six billion dollars in extra revenues for the first half of the current Iranian year, a member of parliament's budget committee announced on Monday. Ahmad Ramezanpour said the government and parliament have decided to deposit 2.5 billion dollars of the extra revenues in the country's foreign currency account, state radio reported >>> FULL TEXT

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