VOL. XLVII

No 02

12-January-2004

IRAN

Irans Cheshmeh Khosh Gas Injection Project To Be Undertaken By NIOC

The National Iranian Oil Company (NIOC) has decided that the gas injection project in the Cheshmeh Khosh oilfield will be undertaken by its Iranian Central Oil Fields Company (ICOFC) subsidiary, having grown frustrated with the lack of progress in negotiations with Spains Cepsa and Austrias OMV over a buyback development contract. The Iranian news agency IRNA on 5 January quoted NIOC Deputy...