VOL. XLIV

No. 07

12-February-2001

IRAN

Canadas Tracer AnnouncesAgreement To Participate In Iranian Offshore Field Development

Tracer Petroleum of Calgary saysit has been invited by one of Irans bonyads (charitable foundations) to takepart in a large offshore oilfield development project in Iran. The company didnot identify the field in question or the foundation involved. Last SeptemberTracer signed a memorandum of understanding with the Rose Queshm Company, acharitable foundation, to form a...