Middle East Economic Survey

VOL. XLVII

No 26

28-June-2004

IRAN

Majlis To Form Committee To Pursue New Oil Contracts

Irans Majlis (parliament) is to establish a committee to introduce alternative terms and conditions to the current buyback contracts for oilfield exploration and development projects. The National Iranian Oil Companys (NIOCs) PIN news service quoted Kamal Daneshyar, Head of the Majlis Energy Committee, as saying, The [new] committee would comprise members from the Ministry of...