Tuesday, May 18, 2004

Foreign Bank to Open in Iran's Kish island

Persian Journal Economy - Latest Iran News, :

"Foreign Bank to Open in Iran's Kish island
May 18, 2004, 22:28

Chairman of the Central Bank of Iran (CBI) Ibrahim Sheybani said that Standard Chartered Bank was granted permission by CBI to start operations on Kish Island. The bank will begin operations when its human resources requirements are achieved."

Iran Should Ask U.S., Sadr Forces to Withdraw from Iraqi Holy Cities: Analyst

Mehr News Agency English: "Political analyst Mahdi Bakhshayeshi said here Monday that Iran should ask the U.S. occupying forces as well as the militia loyal to Iraqi Shia cleric Moqtada Sadr to withdraw from the Iraqi holy cities in order to prevent the desecration of the holy shrines. "

Iran's Darkhoein field to yield 50,000 to 160,000 barrels of oil per day

Iran's Darkhoein field to yield 50,000 to 160,000 barrels of oil per day:

"Darkhoein oil field, 45 kms north of Abadan, in southwestern Khuzestan province, will yield 50,000 to 160,000 barrels of oil per day once a two-phased project for its development is complete.
The first phase of the project is scheduled to come on stream by late June after a one-month delay.
Informed sources at National Iranian Oil Company said the contract for development of the field, signed by National Iranian Oil Company (NIOC) and Italy's Agip Company, is the first buy-back contract in Iran's history for injection of gas into oil reservoir for purpose of increasing production. "

Iran's Darkhoein field to yield 50,000 to 160,000 barrels of oil per day

Iran's Darkhoein field to yield 50,000 to 160,000 barrels of oil per day:

"Darkhoein oil field, 45 kms north of Abadan, in southwestern Khuzestan province, will yield 50,000 to 160,000 barrels of oil per day once a two-phased project for its development is complete.
The first phase of the project is scheduled to come on stream by late June after a one-month delay.
Informed sources at National Iranian Oil Company said the contract for development of the field, signed by National Iranian Oil Company (NIOC) and Italy's Agip Company, is the first buy-back contract in Iran's history for injection of gas into oil reservoir for purpose of increasing production. "

Iran and China deep in talks

Description of Selected News:

"-- Iran and China held here Monday the third round of political consultations on bilateral, regional and international issues.
Iran's Deputy Foreign Minister for Asia- Pacific Affairs Mohsen Aminzadeh, in a meeting with China's Deputy Foreign Minister Lu Xinhua, said political talks and consultations between Iran and China can play a decisive role in expanding mutual ties.
'The Islamic Republic of Iran attaches special importance to its relations with China and is interested in promoting political, economic, commercial, scientific and cultural cooperation between the two countries,' Aminzadeh said."

Iran strongly condemns killing of top Iraqi

:

"Iran strongly condemned the killing of Ezzedine Salim, head of the interim Iraqi Governing Council in Baghdad, blaming the United States for failing to guarantee security.

'The US has failed to establish security in Iraq and the incendiary presence of the occupiers has led to insecurity and bloodshed in that country,' Iranian foreign ministry spokesman Hamid Reza Asefi said.

He added: 'The occupiers' immediate pullout from Iraq and the hand-over of sovereignty to the Iraqis would pave the way for creation of a popular rule and a secure climate.'

Iran's embassy in Baghdad also condemned the killing, calling it a 'terrorist act.'"