VOL. XLVII

No 05

2-February-2004

IRAN

NIOC Improves Buyback Terms For Tender Of 16 Iranian E&D Licenses

The National Iranian Oil Company (NIOC) has announced major improvements to buyback terms that will apply to 16 exploration and development license areas. These were offered for tender at a conference in The Hague on 28-29 January, organized by IBC Global Conferences.MEES Markets/Iran Editor David Knott reports.

NIOC has responded to the concerns of international oil companies (IOCs) over...