Middle East Economic Survey

VOL. XLVII

No 40

4-October-2004

IRAN

NIOC Announces Bidders For Irans Yadavaran Oilfield Development

The National Iranian Oil Company (NIOC) has received bids from five consortia seeking to develop the Yadavaran oilfield, which MEES understands will be negotiated separately to talks underway for an equity stake in the Yadavaran development in return for the purchase of Iranian LNG. On 26 September the IRNA news agency reported that NIOC Acting Managing Director Seyed...