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Oct 19-23, 1998 / Mehr 27-1 Aban, 1377

News | Sports | Arts | Rights | Community

Today

* Oil prices tip-toe higher on Saudi signa

Previous

* U.S. says opposes Turkmen gas sales through Iran
* U.S. lobbying hard for Baku-Ceyhan oil route
* Lebanon and Iran sign airlines route agreement
* Special trains for Shomal tourists
* Clinton Caspian team pushing for promise on Ceyhan
* Wheat, sugar and cooking oil top Iran imports
* Gas production to increase
* Oil greets winter with another price slide
* Iran denies seeking to delay foreign debt payment
* Dollar sharply up
* Firm oil rally must await Asia recovery-IEA
* State-owned mining companies to be privatized

News | Sports | Arts | Rights | Community


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$ Rate

Ocotber 22, 1998

* To send money to Iran, today's rate is 630-645 tomans per dollar, depending on how much you wish to send.

* To send money out of Iran, the rate is 648 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,
Oct 23, 1998

* Oil prices tip-toe higher on Saudi signa

LONDON, Oct 23 (Reuters) - Oil prices rose on Friday on speculative buying ahead of the weekend and signals that leading exporter Saudi Arabia is keeping an open mind on further measures to boost the market. North Sea benchmark crude Brent blend was trading 19 cents higher at $12.95 at 1645 GMT after breaking briefly above the psychologically important $13 level... FULL TEXT

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Thursday
Oct 22, 1998

* U.S. says opposes Turkmen gas sales through

ASHGABAT, Oct 22 (Reuters) - The United States is opposed to Turkmenistan's plans to deliver natural gas to Turkey through Iran, U.S. Administration energy adviser Jan Kalicki told reporters on Thursday. ``The American position is totally consistent and has not changed,'' he said. ``We very much support a moderation of Iranian policies,'' but he added that energy transportation raised security issues... FULL TEXT

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* U.S. lobbying hard for Baku-Ceyhan oil route

ALMATY, Kazakhstan (Reuters) - The United States was trying Wednesday to salvage a key piece of its global energy policy amid signs that a major Azeri oil consortium may defy Washington and recommend a different route for its main export pipeline. Jan Kalicki, Counselor to the U.S. Department of Commerce and Ombudsman for Energy and Commercial Cooperation in the ex-Soviet Union, was to meet top government officials this week in Azerbaijan, Kazakhstan and Turkmenistan, the key players in the pipeline... FULL TEXT

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* Lebanon and Iran sign airlines route agreement

BEIRUT, Oct 22 (Reuters) - Lebanon and Iran on Thursday signed an agreement under which Lebanon's national carrier Middle East Airlines MEA.CN will fly to Iran starting in early 1999, an Iranian minister said. ``We reached an understanding that Middle East Airlines will start flying some flights (to Iran) starting from early 1999,'' Ali Abdolalizadeh, Iran's Housing & Urban Development Minister, told reporters after signing several agreements during a visit to Beirut... FULL TEXT

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* Special trains for Shomal tourists

TEHRAN, (Hamshahri) - Special trains will start operation to serve tourists traveling to Iran's Caspian Sea region ... FULL TEXT IN PERSIAN

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Wednesday
Oct 21, 1998

* Clinton Caspian team pushing for promise on Ceyhan

NEW YORK, Oct 21 (Reuters) - Clinton administration officials, facing an embarrassing policy setback in the oil-rich Caspian region, are working hard to make disappointment over a key pipeline decision look as much as possible like a victory. The U.S. has staked much diplomatic capital in waging a high-profile campaign to push for a pipeline route that would bring oil from the Azerbaijan capital of Baku all the way to the Turkish Meditarranean port of Ceyhan, with a main policy aim of avoiding a route through Iran and trouble spots to the north via Russia... FULL TEXT

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* Wheat, sugar and cooking oil top Iran imports

TEHRAN, (Hamshahri) - Iran imported nearly three million tons of wheat, sugar and cooking oil in the first six months of this year (started in March 21). Other import figures include ... FULL TEXT IN PERSIAN

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Tuesday
Oct 20, 1998

* Gas production to increase

TEHRAN, (Hamshahri) - Domestic natural gas network capacity is to increase by 10 million cubic meters with the completion of the Aghar project in Fars province next year - one year ahead of schedule, according to an oil ministry official... FULL TEXT IN PERSIAN

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* Oil greets winter with another price slide

LONDON, Oct 20 (Reuters) - World oil prices were back in the bargain basement on Tuesday after a severe slump on Monday which caught dealers by surprise. London December futures for benchmark British Brent blend crude oil last traded down three cents at $12.36 a barrel at the close on London's International Petroleum EXchange... FULL TEXT

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Monday
Oct 19, 1998

* Iran denies seeking to delay foreign debt payment

TEHRAN, Oct 15 (Reuters) - Iran denied on Thursday it was seeking to delay payments on its foreign debt despite facing a $6 billion budget deficit due to a slump in oil prices. ``Iran does not intend to ask for a delay on (repayments of) its foreign debts,'' Mohammad Mojarrad, deputy governor of the Central Bank, told the official news agency IRNA ... FULL TEXT

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* Dollar sharply up

The Iranian, Oct 19 - The rial has dropped sharply against major currencies during the past week. Since October 12th the dollar has gained at least 15 tomans (150 rials), selling at 642 tomans (6,420 rials) in Tehran.

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