VOL. XLVII

No 08

23-February-2004

IRAN

Japanese Consortium Signs Contract To Develop Irans Azadegan Oilfield

A Japanese consortium led by Indonesia Petroleum Ltd (Inpex) has signed an agreement with the National Iranian Oil Company (NIOC) for a $2bn development of the southern sector of the giant Azadegan oilfield, which lies along the border with Iraq. The agreement marks the conclusion of protracted negotiations between the Japanese and NIOC over the project, which have been prolonged by the...