Middle East Economic Survey

VOL. XLVII

No 22

31-May-2004

IRAN

Zanganeh Confirms Irans Determination To Look Beyond IOCs For Petroleum Development

Iranian Minister of Petroleum Bijan Zanganeh has spelled out the countrys willingness to look for other alternatives to buyback contracts with international oil companies (IOCs) for oil and gas field developments. In a press briefing on 23 May alongside the 9th International Energy Forum (IEF), Mr Zanganeh said: There are other ways to enhance cooperation...