VOL. XLV

No 38

23-September-2002

IRAN

NIOC Awards South Pars Phases 9 And 10 Development ToLG

The National Iranian Oil Company(NIOC) has awarded a $1.6bn contract to South Koreas Lucky Goldstar(LG) and two Iranian companies for development of Phases 9 and 10 of Irans giantSouth Pars offshore gasfield. The contract will be an engineering, procurement, supply, construction andcommissioning agreement with NIOCs Pars Oil and GasCompany (POGC) subsidiary, rather than the buyback form of contract used...