Business
June 12-16, 2000 / Khordad 23-27, 1379
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BUSINESS NEWS INDEX
Friday,
June 16, 2000
Iran looking to join G-15
TEHRAN, June 16 (AFP) - Iran has asked to join the G-15 group of developing
nations, whose tenth summit opens in Cairo on Monday, and is counting on
the support of Malaysia, Iran's official IRNA news agency said Friday.
"As well as Iran, Saudi Arabia and South Africa have also asked
to join," IRNA said >>>
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Previous
* Iran looking to join G-15
* Indonesian president visits Iran in hopes
of increasing trade
* Ex U.S. defense sec urges end to Iran
sanctions
* Cominco in talks on Iranian zinc joint venture
* Iran in $74 mln deal to build ferrochrome
plants
* Oil prices rally, boosted by OPEC
* Minister blames oil price hikes on US demand
* Pakistan agrees to Indo-Iranian gasline
* Baku open to new routes for its oil and
gas
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Thursday
June 15, 2000
Indonesian president visits Iran in hopes of increasing trade
TEHRAN, June 15 (AFP) - Indonesian President Abdurrhahman Wahid arrived
here Thursday for a one-day visit aimed at cementing relations between
Tehran and Jakarta which are strong on the political and cultural side
but economically weak. The visit is the first for Wahid since he was elected
Indonesia's president last October. Long-time Indonesian president Suharto
visited Iran in 1993, followed by a visit by former president Akbar Hashemi
Rafsanjani to Jakarta in 1994 >>>
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Wednesday
June 7, 2000
Ex U.S. defense sec urges end to Iran sanctions
CALGARY, June 14 (Reuters) - Former U.S. Defence Secretary Dick Cheney
called for an end to investment sanctions against Iran on Wednesday, saying
American energy companies should be allowed to operate there along with
those from the rest of the world. Cheney, now chief executive of the world's
largest oil field service company Halliburton Co, said relations between
the two countries were ``a tragedy'', and that it was time to put such
crises as Iran's taking of U.S. hostages two decades ago, behind them >>> FULL
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Cominco in talks on Iranian zinc joint venture
TORONTO, June 14 (Reuters) - Canadian base metals miner Cominco Ltd.
(Toronto:CLT.TO - news) said on Wednesday it is in exclusive talks with
a private Iranian company about the possibility of forming a joint-venture
partnership at a zinc deposit in northwest Iran >>>
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Iran in $74 mln deal to build ferrochrome plants
TEHRAN, June 14 (Reuters) - Iran's private sector signed a $74 million
deal with a European consortium on Wednesday to build two ferrochrome production
plants. The consortium of Swedish-Swiss engineering group ABB and an Austrian
company is to build plants in the southern provinces of Kerman and Fara,
each with an annual capacity of 25,000 tonnes
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Tuesday
June 13, 2000
Oil prices rally, boosted by OPEC
LONDON (Reuters) - Oil prices stormed higher on Tuesday as OPEC's President
Ali Rodriguez said gasoline production in the United States was to blame
for high prices rather than a shortage of OPEC crude. International benchmark
Brent crude closed up 27 cents at $31.48 a barrel after rocketing $1.60
on Monday. U.S. light crude ended up 81 cents to $32.55 >>>
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Minister blames oil price hikes on US demand
TEHRAN, June 13 (AFP) - Recent increases in crude oil prices to above
30 dollars a barrel are due to supply shortages in specific segments of
the US market and not to a shortage of global production, Iran's oil minister
said Tuesday. Consequently, Bijan Namdar Zangeneh said there "is no
question" of the Organization of Petroleum Exporting Countries raising
crude output until the impact is seen of a decision by OPEC countries in
March to raise production >>>
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Monday
June 12, 2000
Pakistan agrees to Indo-Iranian gasline
TEHRAN, June 10 (AFP) - Pakistani strongman General Pervez Musharraf
gave his blessing Saturday to a major gasline connecting Iran and India
that would cross India's rival Pakistan, according to Iran's official news
agency. "We are hoping for perfect understanding among the countries"
of the Economic Cooperation Organization (ECO), a regional group meeting
in Tehran, Musharraf was quoted as saying by IRNA >>>
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Baku open to new routes for its oil and gas
TEHRAN, June 10 (AFP) - Azerbaijani President Heydar Aliyev said Saturday
his country was open to "any new routing" for shipping oil and
gas from the Caspian Sea, while still holding on to the Baku-Ceyhan pipeline
project from Azerbaijan to Turkey. "Although the Baku-Ceyhan project
is being retained for the transport of Caspian energy resources, we must
look at new routings for energy supplies to reach the international markets",
he said in a speech at the sixth summit of the ten-member Economic Cooperation
Organisation (ECO) group in Tehran >>>
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