Middle East Economic Survey

VOL. XLVII

No 27

05-July-2004

IRAN

CNPC Negotiating To Buy Company Redeveloping Irans Masjed-I-Suleyman Field

China National Petroleum Corporation (CNPC) International is negotiating to buy the Cyprus-based subsidiary of Canadas Sheer Energy, which is undertaking development work in the Masjed-I-Suleyman (MIS) field in Iran, MEES understands. Calgary-based Sheer Energy was awarded a buyback contract for an $88mn development program in MIS, the oldest field in Iran, in...