VOL. XLVII

No 08

23-February-2004

IRAN

Iranian E&D Terms Receive Qualified Interest From IOCs

Revised buyback terms offered by the National Iranian Oil Company (NIOC) for 16 exploration and development licenses have received qualified interest from international oil companies (IOCs),MEES understands. The blocks were offered for tender at a conference in The Hague last month (MEES, 2 February). Among the improvements to existing buyback terms that have met with little success in terms of...