VOL. XXXIII

NO. 25

26-MARCH-1990

Iran

French Firm to Rebuild Kharg Terminal

The National Iranian Oil Company (NIOC) has sent a letter of intent toFrance's Entrepose GTM pour les Travaux Petroliers Maritimes (ETPM), asubsidiary of the construction company GTM-Entrepose, for the rebuilding ofthe war-damaged Kharg Island oil terminal, according to a statement issued byETPM on 22 March. The final contract, estimated at around $225mn, is expected tobe signed in the next few weeks. ETPM, one of the...