VOL. XLVI

No 17

28-April-2003

IRAN

NIOC Officials Mark Progress On Azadegan And Bangestan Negotiations

Briefings given by senior National Iranian Oil Company (NIOC) officials to reporters on the side of a Tehran exhibition in mid-April confirm that negotiations with international oil companies (IOCs) for the two key buyback projects are continuing, but face major obstacles. NIOC has been negotiating with a Japanese consortium led by Inpex for the onshore Azadegan field development, and with Total,...