VOL. XLV

No 36

9-September-2002

IRAN

Irans Denial Of Oilfield Buybacks Hold-Up Only Emphasizes MinistrysProblems

A statement issued by Irans Ministry of Oil on 2 Septemberdenying an earlier report claiming that the award of oilfield buyback contractswould be delayed by one year has served only to highlight the apparentparalysis of negotiations for a number of projects with internationalcompanies. MEES soundings indicate that international companiesnegotiating for oilfield development projects in...