VOL. XLV

No 39

30-September-2002

IRAN

Iranian Oil Industry Enters Period Of Heightened Flux

The Iranian oilindustry has entered a period of rapid change at both the operational andmanagement levels. The operational changes result from the National Iranian OilCompany (NIOC) having to maintain production in aging oilfields. The managementchanges reflect an ongoing domestic political struggle in Tehran,which has seen Oil Minister Bijan Zanganehand his buyback project program targeted by conservative...