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...
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