VOL. XLV

No 50

16-December-2002

IRAN

CNOOC In Talks With PEDEC For Jufeyr Oilfield Buyback

China National Offshore Oil Corporation (CNOOC) has entered negotiations with Petroleum Engineering and Development Company (PEDEC) for a buyback contract to develop the Jufeyr oilfield. PEDEC Director Ali Akbar Aleagha told the 7th International IIES Conference in Tehran on 9-10 December that Jufeyr was one of four oilfield buybacks being negotiated with international oil companies, along with Azadegan...