VOL. XXXIV
NO. 49
9-SEPTEMBER-1991
Iran
NIOC and Japex Reach Agreement on Exploration and Development of HormuzFields
Iran's NIOC and Japan's Japex have reached preliminary agreement on a projectfor exploration and development of offshore fields and structures in the area ofthe Strait of Hormuz at the entrance to the Gulf. A letter of intent betweenthe two parties was signed in Tehran recently and the full agreement isscheduled to be finalized by next March. The total investment in exploration and...
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