Irans Majlis Approves Bill Giving NIOC Power To Award Caspian Sea Oil And Gas Contracts
The Iranian Majlis (parliament) approved legislation on 10 May intended to enable the National Iranian Oil Company (NIOC) to award contracts to international companies for exploration and development projects in Irans Caspian Sea sector. The law would give permission for NIOC to award oil and gas field projects to international operators under buyback terms, a form of...
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