Middle East Economic Survey

VOL. XLVII

No 29

19-July-2004

IRAN

Zanganeh Rules Out PSAs As Replacement For Buybacks

Iranian Minister of Petroleum Bijan Zanganeh has declared that production-sharing agreements (PSAs) will not be considered as a replacement for Irans buyback contracts for oil and gas exploration and development. While the Iranian government is considering ways to improve the attractiveness of Irans contracts in order to revive investment by international oil companies (IOCs), as a way...