VOL. XLVI

No 46

17-November-2003

IRAN

NIOC Earmarks 16 Blocks For Exploration And Production Under Revised Buyback Terms

The National Iranian Oil Company (NIOC) has invited international and domestic oil companies to submit expressions of interest in a tender for 16 onshore license areas earmarked for award under a new exploration and production contract with revised buyback terms. NIOC Exploration Director Mahmoud Mohaddes reportedly said the blocks required different levels of data acquisition...