Middle East Economic Survey

VOL. XLVIII

No 51

19-December-2005

IRAN

Vaziri-Hamaneh Approved As Irans Petroleum Minister, Pledges Buybacks Review

Iran has agreed on a new petroleum minister at the fourth time of asking, with caretaker Kazem Vaziri-Hamaneh winning Majlis approval to take on the role on a permanent basis. Since then he has promised a review of the controversial buyback contracts for oil and gas development; but overall his policy appears to favor continuity rather than abrupt change,...