VOL. XLVI

No 15

14-April-2003

IRAN

Azadegan Talks Continuing Despite Differences Between NIOC And Japanese Consortium

Negotiations between the National Iranian Oil Company (NIOC) and a Japanese consortium led by Inpex for the development of the onshore Azadegan field are continuing despite differences between the two parties. Azadegan is Irans largest undeveloped oilfield, with NIOC estimating reserves at 5-6bn barrels of crude oil. MEES understands that while the end-March deadline for the...