VOL. XLV

No 3

21-January-2002

IRAN

Balal Field Pipeline RequiresFurther Repairs

The National Iranian Oil Company(NIOC) will need to carry out further repairs on the Balal field pipeline if itis to be ready for operation as scheduled when field development operatorTotalFinaElf is ready to commission offshore facilities this autumn, MEESunderstands. NIOC is committed to have the pipeline operational when TotalFinaElfhas completed development work or pay compensation for delayed revenues. TheIranian...