VOL. XLIV

No. 28

9-July-2001

IRAN

Eni Accepts Revised Buyback Terms For Darquain Field Development

Italys Eni has finally signed an agreement with the National Iranian Oil Company (NIOC) for a $1bn development of the Darquain oilfield, following protracted negotiations after the company was allocated the project in May 2000. The agreement was signed in Tehran on 30 June, and calls for the development of the field by Eni as operator and 60% interest holder, with NIOC marketing subsidiary Naftiran...