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Business
July 17-21, 2000 / Tir 27-31, 1379

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BUSINESS NEWS INDEX

Thursday
July 27, 2000

Italy's ENI to sign huge gas contract in Iran

TEHRAN, July 27 (AFP) - The Italian firm ENI is to sign a major contract Thursday giving it rights to gas extraction in the South Pars region of the Gulf in a deal believed to be the biggest between Iran and a foreign company since the Islamic revolution of 1979. The deal, which puts Italy among Iran's leading partners in the energy sector, initially covers the development of stages (geographic zones) four and five of an eight-stage project, according to ENI's office in Tehran >>> FULL TEXT

INDEX

Malaysian firm to establish distribution center in Iran

KUALA LUMPUR, July 27 (AFP) - A Malaysian port operator and an Iranian company will jointly set up a distribution centre at Iran's Shahid Rajaie Port at Bandar Abbas, the official Bernama news agency said Thursday. Bernama said the Port Klang Authority and Tidewater Marine Services Co. of Iran had formed a joint venture company called Tide Klang Joint Stock Co >>> FULL TEXT

INDEX

INDEX

* Italy's ENI to sign huge gas contract in Iran
* Malaysian firm to establish distribution center in Iran
* Zanganeh says Iran open to selling gas to Kuwait
* Kuwait denies knowledge of Saudi oil hike, stresses OPEC unity
* Iran calls for producer and consumer-friendly oil price stabilization

* Iran to sign big oil, gas contract
* UN team evaluates damages of unprecedented drought in Iran
* Iran denies offering drinking water supply to Kuwait
* Tehran to gain more German cover
* Kuwait welcomes drinking water offer from Iran

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Monday | Tuesday | Wednesday | Thursday | Friday


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Wednesday
July 26, 2000

Zanganeh says Iran open to selling gas to Kuwait

TEHRAN, July 26 (AFP) - Iranian Oil Minister Bijan Namdar-Zanganeh said Wednesday that Iran is open to selling natural gas to Kuwait, the official IRNA news agency reported. Zanganeh's statement came following discussions here earlier in the day with Kuwaiti Oil Minister Sheikh Saud Nasser al-Sabah, who said Kuwait was interested in buying gas from Iran >>> FULL TEXT

INDEX

Kuwait denies knowledge of Saudi oil hike, stresses OPEC unity

TEHRAN, July 26 (AFP) - Kuwait's oil minister said here Wednesday he had no confirmation of reports that Saudi Arabia has hiked its oil output, adding he hoped the skittish market would right itself in the coming days. "We have no confirmation of what has been reported in the media on this issue," Sheikh Saud Nasser al-Sabah said at a joint press conference with his Iranian counterpart Bijan Namdar-Zanganeh after three days of talks >>> FULL TEXT

INDEX

Tuesday
July 25, 2000

Iran calls for producer and consumer-friendly oil price stabilization

TEHRAN, July 25 (AFP) - Iranian President Mohammad Khatami called Tuesday for a stabilization of oil prices on the world market in the interests of both producers and consumers, Iranian television reported. Khatami, meeting with visiting Kuwaiti Oil Minister Sheikh Saud Nasser al-Sabah, emphasized the need for a "rational stabilization of the oil prices so as not to hurt consumers and producers." >>> FULL TEXT

INDEX

Monday
July 24, 2000

Iran to sign big oil, gas contract

TEHRAN, Iran (AP) - In the biggest deal of its kind, Iran this week will sign a $4.3 billion contract to develop a massive gas field in the Persian Gulf, the official daily newspaper, Iran, reported Sunday. It quoted what it called informed sources as saying the contract to develop the South Pars gas field would be signed Thursday with Italy's ENI and Petro-Pars of Iran. The two companies will develop several phases of the project, Iran said without elaborating >>> FULL TEXT

INDEX

UN team evaluates damages of unprecedented drought in Iran

TEHRAN, July 24 (AFP) - A United Nation's mission has begun evaluating the damage from a widespread drought in Iran that Tehran estimates has caused some 1.7 billion dollars worth of damage, the official IRNA news agency reported Monday. During their two-week visit, the UN team is expected to travel to numerous drought-stricken provinces in the country, IRNA said >>> FULL TEXT

INDEX

Iran denies offering drinking water supply to Kuwait

TEHRAN, July (AFP) - Iran on Sunday denied Kuwaiti press reports that Tehran has offered to supply Kuwait with some 200 million gallons (760 million litres) of drinking water a day, the official IRNA news agency reported. "Following the drought and water shortage in the country, we have no plans for the exportation of water to other Persian Gulf countries, including Kuwait," Iran's Energy Minister Habibollah Bitaraf said, as cited by IRNA >>> FULL TEXT

INDEX

Friday,
July 21, 2000

Tehran to gain more German cover

Middle East Economic Diges July 21, 2000 -- Germany plans to raise export credit cover to DM 1,000 million ($485 million) and may offer more help to German firms taking part in big projects. Germany's improved terms for trade and project finance were announced on 10 July during President Khatami's visit there (see Seven Days >>> FULL TEXT

INDEX

Kuwait welcomes drinking water offer from Iran

KUWAIT CITY, July 21 (AFP) - Kuwait has welcomed an Iranian offer to supply up to 200 million gallons (760 million litres) a day of drinking water from the river Karun which flows by Abadan in south-west Iran, a newspaper reported Friday. "Kuwait has no objection to the offer, provided the price of the water is right," Electricity and Water Minister Adel al-Sabih told Al-Rai Al-Aam daily >>> FULL TEXT

INDEX


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