Middle East Economic Survey

VOL. XLVIII

No 52

26-December-2005

IRAN

Yadavaran Talks Emerging As Likely Catalyst For Buyback Revisions

Negotiations between the National Iranian Oil Company (NIOC) and Chinas Sinopec over a linked oilfield development/LNG purchase agreement are emerging as a likely catalyst for revisions to Irans buyback form of contract, as promised by newly-elected Minister of Petroleum Kazem Vaziri-Hamaneh (MEES, 19 December). NIOC and Sinopec officials began a new round of talks...