Middle East Economic Survey

VOL. XLIX

No 39

25-Sept-2006

IRAN

Khoramabad E&D Agreement Signed By NIOC And Norsk Hydro

An exploration and development (E&D) agreement for Khoramabad block in Lorestan province in southwestern Iran was signed on 17 September by the National Iranian Oil Company (NIOC) and Norsk Hydro (for map, see MEES 1 December 2003). The agreement was the first under revised E&D terms giving operators the automatic right to develop any commercial finds on their license...