Saturday, January 01, 2005

Iran Gov't determined on ties with Arabs - Persian Journal

Iran Gov't determined on ties with Arabs - Persian Journal Latest Iran news & Iranian Article News paper: "Iran Gov't determined on ties with Arabs
Jan 1, 2005, 14:03

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Iranian presidential advisor Mohammad Sadr here Saturday said that Tehran is determined to bolster relations with the Arab states and ignore the unfavorable Iran-Arab political memories of the past.

The government has achieved some success to the effect, the presidential advisor added.

"Some Arab countries have responded to such a call positively, while others have either shown no reaction or have first welcomed the proposal but changed their approach later on, such as King Hussein of Jordan.

" Arab leaders should take into view that a positive response to President Khatami's call and taking a friendly approach towards Iran will be in the interest of all regional states," he added.

Sadr hoped that the Arab states would not be impressed by the West's intrigues such as the Persian Gulf issue and using false terms.

"Given that Iran and the Arab states are Muslims and have common interests and culture, their mutual economic relations should follow a unique policy," concluded Sadr."

Halliburton Reported Close to Iranian Engineering Deal

Iran News: "30 December 2004 WMRC Daily Analysis
Halliburton Reported Close to Iranian Engineering Deal
Thu Dec 30, 2004 08:52

Halliburton Reported Close to Iranian Engineering Deal
Catherine Hunter
30 December 2004 WMRC Daily Analysis
English
Copyright 2004, World Markets Research Centre Limited. All Rights Reserved

US-based Halliburton is reportedly close to finalising a contract to carry out offshore drilling for Phases 9 and 10 of the South Pars gas fields, reported Mehr News Agency. The phases are being developed on an engineering procurement and construction basis (EPC) by a consortium including the South Pars Oil and Gas Co., the Iranian Offshore Engineering and Construction Co. and Iran's Oil Industries Engineering and Construction. The project is slated to come onstream in 2006, reaching maximum output of 2 Bcfd after that point.

Significance: This is the only current South Pars project to be developed on a contract, rather than a buyback basis, which has created a number of openings for outside players. Halliburton's involvement, however, is likely to be controversial because of current scrutiny on the company as a result of its operations in Iraq and US unilateral investment restrictions against Iran under the Iran Libya Sanctions Act (ILSA)."