Middle East Economic Survey

VOL. LI

No 44

03-Nov-2008

IRAN

Iran Opens Tenders For 12 Oil And Gas Fields

Iranian Central Oil Fields Company (ICOFC), a wholly-owned subsidiary of NIOC, said that it will publicly offer 12 exploration and production tenders for seven oil fields and five gas fields. Estimated to be worth $3.4bn, these will be offered under the buy-back contract model. The oilfields include Kooh-Mand in Bushehr province ($45mn), Viz-Nahar in Lorestan province ($45mn), Cheshmeh-Khosh in...