VOL. XLIV

No. 29

16-July-2001

IRAN

NIOC And JNOC Agree $20MnAzadegan Survey As Partnership Talks Broaden

The National Iranian Oil Company(NIOC) and Japan National Oil Corporation (JNOC) have signed an agreement tofund a $20mn 3-D seismic survey of part of the giant Azadegan oil discovery,following the recent submission of a preliminary development plan for the fieldby a consortium of Japanese companies. The cost will be split equally betweenNIOC and JNOC. The survey will be undertaken by...