No. 04



Iran Projects On Norsk Hydro Agenda Following Takeover Of Saga Petroleum

Norwegian conglomerate Norsk Hydro is changing its focus as it absorbs the assets of former Norwegian independent Saga Petroleum and is keeping the pursuit of exploration and development projects in Iran firmly on the enlarged companys agenda. Hydro beat off Elf Aquitaine to take over Saga in June 1999.

A Norsk Hydro official told MEES that the company had taken over from Saga...