VOL. XLIV

No. 26

25-June-2001

IRAN

NIOC To Develop 16 Fields Including Eight Buyback Projects Rejected By Foreign Operators

The National Iranian Oil Company (NIOC) is to undertake 16 Zagros area field development projects, including eight which had previously been offered to international operators under buyback contracts but which failed to receive bids. The 16 field development projects have been awarded by NIOC to its subsidiary Oil Industries Engineering and Construction (OIEC). The latter...