VOL. XXXIV
NO. 35
3-JUNE-1991
Iran
Total Signs Major Deal with Iran on Offshore Oilfield Development, CrudePuchase and Prefinancing
France's Total has concluded a major deal with the National Iranian OilCompany (NIOC) comprising development of offshore oilfields, a substantialcrude oil purchase contract and financial arrangements with a consortium ofbanks for payment in advance to Iran for the crude oil purchases.
A letter of intent signed between Total and NIOC on 29 May in Isfahan (wherea big oil...
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