Middle East Economic Survey
Repsol Wins Exploration Contract For Iran Mehr And Forooz Blocks
Spains Repsol has signed a contract with the National Iranian Oil Company (NIOC) for the exploration of the offshore Iran Mehr and Forooz tracts. The two blocks were offered under Irans exploration terms, in which the operator does not have the automatic right to develop any commercial discovery made. However MEES understands that this agreement would enable Repsol to...