VOL. XLIV

No. 07

12-February-2001

IRAN

Irans Majlis Rejects Sell-Off OfNIDC

Irans parliament, the Majlis, hasvoted to reject a controversial bill proposing the sale of the National IranianDrilling Company (NIDC) to the retirement and saving funds of the NationalIranian oil Company (NIOC). The decision follows the suspension last October byOil Minister Bijan Zanganeh of plans to sell off NIDC because of a strike bydrilling workers who feared job losses.

Mr Zanganeh said at the time thatthe sale of...