VOL. XLIV

No. 13

26-March-2001

IRAN

Sheer Energy Lines Up Masjed-e-Suleyman Project As Buybacks Dissatisfaction Grows

The Cyprus-based subsidiary of Sheer Energy Inc of Calgary has announced that it has reached an agreement with the National Iranian Oil Company (NIOC) for further development work in the Masjed-e-Suleyman oilfield in partnership with local firm Naftgaran Engineering Services. This is the first time that an international oil company has agreed terms and conditions for an Iranian...