VOL. XLVII

No 10

08-March-2004

IRAN

Tomen Decides Against Participation In Irans Azadegan Oilfield Development

Japanese trading house Tomen has decided against participating in the $2bn project to develop the southern area of Azadegan oilfield, which the National Iranian Oil Company (NIOC) has awarded to a Japanese consortium led by Inpex (MEES, 23 February). Tomen is understood to be restricting outlays under a financial restructuring instigated by parent company Toyota. The third member of the...