Middle East Economic Survey
VOL. XLVII
No 36
6-September-2004
IRAN
Oil Legislation Reforms Rejected By Guardians Council, Referred To Expediency Council
Irans Guardians Council has rejected two proposals in the fourth five-year development plan which would enable the National Iranian Oil Company (NIOC) to take revenues directly from sales and allow the company to offer improved contract terms to international oil companies to undertake exploration and development projects. Although the proposals...
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