email us

US Transcom
US Transcom

Shahin & Sepehr

 

Sehaty Foreign Exchange

Advertise with The Iranian

Business
Jan 11-15, 1999 / Dey 21-25, 1377

News | Sports | Arts | Rights | Community

Today

* Iran oil opening slowed by wider reforms
* Rafsanjani calls for up to 50 pct oil output cut
* Russian Duma indignant over U.S. Iran moves
* U.S., Russia trade gibes over Iran
* Tehran-Karaj intercity train ready

Previous

* Russia to triple number of nuke workers in Iran
* MAPNA set for fierce Iran energy race
* Tracer Petroleum seeking opportunities in Iran
* British diplomat in Iran for talks on ties, Iraq
* Iran's Khatami to discuss oil on Saudi visit
* Iran, Britain to exchange ambassadors soon: paper
* Iran denies secret ties with Russian institutes
* Khatami to visit to France after Noruz
* U.S. punishes 3 Russia institutions
* Draft budget based on $10/barrel oil-deputy
* Iran output fix seen needed before OPEC meet
* Iran considers Caspian pipeline partners
* Russia to push forward with nuclear reactor
* Iran gives ministries less than half their budgets
* Iran struggling to boost non-oil exports

News | Sports | Arts | Rights | Community


Monday | Tuesday | Wednesday | Thursday | Friday


Get Persian fonts from Hamshahri or Payvand


email us


Iranian Trade Association


$ Rate

Updated January 14, 1999

* To send money to Iran, the rate is 699-714 tomans per dollar, depending on how much you wish to send.

* To send money out of Iran, the rate is 718 tomans per dollar.

Source: Sehaty Foreign Exchange. Preferntial rates for readers of The Iranian Times. Call in U.S.: 602-595-0777 OR 500-288-8881, Fax: 602-595-0222. Address: PO Box 3230, Carefree, AZ 85377, USA. Mention this code: BAJ 07


Friday,
January 15, 1999

* Iran oil opening slowed by wider reforms

LONDON, Jan 15 (Reuters) - Iran's drive for foreign energy investment has become mired in wider reforms that may delay big-ticket deals for months or years, oil executives say. Iranian negotiators running the biggest oil tender since the 1979 revolution have found themselves on a roller-coaster ride of economic change driven by shifting political forces. One victim could be a campaign to land one or two morale- boosting showpiece agreements with Western majors by the end of the Iranian year on March 20 ... FULL TEXT

Go to top

* Rafsanjani calls for up to 50 pct oil output cut

TEHRAN, Jan 15 (Reuters) - Former Iranian President Akbar Hashemi Rafsanjani on Friday called on oil producers to cut output by up to 50 percent to boost weak oil prices. ``We must cut production by a certain amount until demand outweighs supply. This amount could be 20 percent, 30 percent or 50 percent,'' Rafsanjani, who now heads a top state body, said in a Friday prayer sermon broadcast on Tehran radio... FULL TEXT

Go to top

* Russian Duma indignant over U.S. Iran moves

MOSCOW (Reuters) - Russia's lower house of parliament blasted the United States Friday for imposing sanctions on three Moscow institutes for allegedly helping Iran's nuclear and missile programs. The State Duma ``expresses its indignation in connection with the United States' groundless introduction of sanctions against a series of Russian organizations,'' it said. The house passed the document unanimously in a preliminary vote ... FULL TEXT

Go to top

* U.S., Russia trade gibes over Iran

January 15, 1999 (The Washington Post) - Relations between the United States and Russia have gotten off to a rocky start this year, as for the second straight day officials here harshly criticized Washington for taking Moscow to task over arms proliferation issues. In the latest instance, the Kremlin reacted testily ... FULL TEXT

Go to top

* Tehran-Karaj intercity train ready

Tehran (Hamshahri) - The intercity electric train between Tehran and Kataj (part of the Tehran metro project) will be inaugurated next month and begin official operation in March. In the first phase there will be three train services between 11 am and 2 pm ... FULL TEXT IN PERSIAN

Go to top


Thursday
January 14, 1999

* Russia to triple number of nuke workers in Iran

MOSCOW, Jan 14 (Reuters) - Fresh U.S. accusations that Moscow is helping Tehran build nuclear weapons and missiles have flared at a time when Russia plans to more than triple its staff of nuclear workers in Iran, an official said on Thursday. A spokesman for the Atomic Energy Ministry told Reuters on Thursday Russia will increase its staff at the site of the Bushehr civilian nuclear reactor in Iran over the next few months to 1,000 people from about 300 now ... FULL TEXT

Go to top

* MAPNA set for fierce Iran energy race

DUBAI, Jan 14 (Reuters) - MAPNA, a little-known Iranian firm specialising in thermal power plants, looks poised to be a tough competitor in the fierce international race for Iran's lucrative oil and gas ventures. MAPNA -- the Iran Power Plant Projects Management Co. -- made its debut in Iranian oil by clinching a $347 million deal to build a Caspian Sea pipeline, beating Italian, British, German, Russian, South Korean and Saudi competitors. Armed with connections in Iran's oil industry and business and government circles, the company set up in 1993 has ambitions to penetrate Iran's energy scene ... FULL TEXT

Go to top

* Tracer Petroleum seeking opportunities in Iran

VANCOUVER, British Columbia, Jan. 14 /PRNewswire/ -- TRACER PETROLEUM CORPORATION reports that further to the news release dated December 11, 1998, a new subsidiary, Tracer Petroleum International ("TPI"), is in the process of being incorporated in Bermuda for the purpose of pursuing oil and gas opportunities in Iran ... FULL TEXT

Go to top

* British diplomat in Iran for talks on ties, Iraq

TEHRAN, Jan 14 (Reuters) - A senior British Foreign Office official held talks with Iranian officials on relations between Tehran and London and on the Iraqi crisis, Iran's official news agency IRNA reported on Thursday. Bahram Qassemi, director-general for Western European affairs at the Iranian Foreign Ministry, told Derek Plumbly: ``Iran is seriously determined to remove obstacles and to boost bilateral relations based on the talks and agreements between the two countries' foreign ministers in New York,'' IRNA said ... FULL TEXT

Go to top


Wednesday
January 13, 1999

* Iran's Khatami to discuss oil on Saudi visit

DUBAI, Jan 13 (Reuters) - Iranian President Mohammad Khatami will discuss poor oil market conditions with Saudi leaders as part of his landmark visit to the kingdom expected in the second half of March, Iranian sources said on Wednesday. ``The president will discuss the situation in the oil market on his trip to Saudi Arabia,'' one of the sources said on Wednesday. ``It is natural that two big producers discuss the market and issues that are of mutual concern regarding this,'' he added. Iranian embassy sources in Riyadh said the Khatami trip was expected to take place in the second half of March ... FULL TEXT

Go to top

* Iran, Britain to exchange ambassadors soon: paper

TEHRAN, Jan 13 (AFP) - Iran and Britain are to upgrade their diplomatic relations to ambassadorial level following their agreement over the British writer Salman Rushdie, a newspaper here reported Wednesday. The English-language Iran News, which is considered close to Iran's foreign ministry, said the two countries would promote their respective charges d'affaires Nicholas Browne and Gholamreza Ansari to ambassadors ... FULL TEXT

Go to top

* Iran denies secret ties with Russian institutes

TEHRAN, Jan 13 (AFP) - Iran on Wednesday denied US charges that it worked with three Russian research institutes to develop nuclear and missile technology. "These accusations are not new and Iranian and Russian authorities have already denied them," the Iranian embassy in Moscow said in a statement, quoted by the official Iranian news agency IRNA ... FULL TEXT

Go to top

* Khatami to visit to France sometime after Iranian new year

TEHRAN, Jan 13 (AFP) - Iranian President Mohammad Khatami will pay a ground-breaking visit to France sometime after the Iranian new year in March, although the date has not yet been set, the foreign ministry said Wednesday. The ministry, quoted by the official Iranian news agency, said the visit is "on the agenda" but will not take place before the Iranian new year which will start March 21 ... FULL TEXT

Go to top


Tuesday
January 12, 1999

* U.S. punishes 3 Russia institutions

Jan 12, WASHINGTON (AP) - The United States imposed penalties on a Moscow university and two other Russian institutions Tuesday, accusing Russia of failing to stop its scientists from helping Iran and other states develop nuclear weapons. National Security adviser Sandy Berger, in announcing the economic sanctions, said Russia needs an export control system that is ``designed to work and does.'' ``Only Russia can police its own borders, factories and technology industries,'' he said while asserting the Clinton adminstration's authority to act against foreign companies or agencies that ``violate international nonproliferation standards.'' ... FULL TEXT

Go to top

* Iran draft budget based on $10/barrel oil-deputy

TEHRAN, Jan 12 (Reuters) - Iran's 1999/2000 draft budget bill is based on an ``optimistic'' crude oil price forecast of $10 per barrel, the head of a parliament commission was on Tuesday quoted as saying. ``The commission has ratified the optimistic assumption of $10 per barrel of oil,'' the Iranian news agency IRNA quoted Morteza Nabavi, head of one of the commissions which handled the budget bill, as saying ... FULL TEXT

Go to top

* Iran output fix seen needed before OPEC meet

DUBAI, Jan 12 (Reuters) - OPEC kingpin Saudi Arabia and other producers want the thorny issue of Iran's oil production baseline resolved before the cartel could hold any emergency meeting, an OPEC delegate said on Tuesday. ``Saudi Arabia and other producers in OPEC believe the issue of Iran's production should be resolved before any emergency meeting could be held,'' the OPEC delegate told Reuters ... FULL TEXT

Go to top


Monday
January 11, 1999

* Iran's MAPNA considers Caspian pipeline partners

DUBAI, Jan 11 (Reuters) - Iranian project management company MAPNA said on Monday that it had won a $347 million deal to build a Caspian Sea oil pipeline to the country's northern refineries and was considering consortium partners. MAPNA regional manager Reza Ebadzadeh told Reuters that his firm had been informed by the National Iranian Oil Company (NIOC) that it won the contract, beating Italian, British, German, Russian, South Korean and Saudi competitors ... FULL TEXT

Go to top

* Russia to push forward with Iran nuclear reactor

MOSCOW (Reuters) - Russia said Saturday it would push forward with the construction of an atomic reactor in Iran, a project which has been criticized by the United States and Israel for threatening security in the Middle East. The United States and Israel fear the planned 1,000 megawatt light-water reactor at Bushehr on the Gulf coast will help Iran develop nuclear weapons. But Russia and Iran have repeatedly denied the charges ... FULL TEXT

Go to top

* Cash-strapped Iran gives ministries less than half their budgets

TEHRAN, Jan 10 (AFP) - Iranian ministries have received less than half their nominal budgets this year as government revenues continue to plummet because of low oil prices, the official news agency IRNA reported Sunday. "The government has been able to allocate between 40 and 45 percent of the budget earmarked for ministries and state organisations," said parliamentary speaker Ali Akbar Nateq-Nuri, quoted by the official IRNA news agency ... FULL TEXT

Go to top

* Iran struggling to boost non-oil exports

TEHRAN, Jan 11 (AFP) - Iran, the second largest oil producer in the Middle East, is taking steps to boost non-oil exports to make up for falling revenues from crude sales, an export official said Monday. Mojtaba Khosrotaj, the director of Iran's exports promotion center, told a press conference that his country would stage a major exhibition of exportable products in early February to attract foreign consumers and ease its near total dependence on oil sales ... FULL TEXT

Go to top

$ Rate

Offered at
up to 714-718
tomans

Sehaty Exchange (U.S.) 602-595-0777


Tehran Stock Exchange

Daily trade table


Iranian Business Sites

Links index at Neda Rayaneh


For the latest news visit
THE IRANIAN
Newsroom


email us


Copyright © 1997 Abadan Publishing Co. All Rights Reserved. May not be duplicated or distributed in any form