Middle East Economic Survey

VOL. XLIX

No 8

20-February-2006

IRAN

Vaziri-Hamaneh Targets Buybacks Amendment By End-March, NIOC Plans New Projects

Iranian Minister of Petroleum Kazem Vaziri-Hamaneh told reporters on 15 February that he hoped a review of the countrys unpopular buyback contracts for oil and gas exploration and development projects would be completed by the end of the current Iranian calendar year (20 March 2006). Mr Vaziri-Hamaneh announced a review of buybacks shortly after being...