VOL. XLIII

No. 26

26-June-2000

IRAN/OMAN

Iran Reveals Anticipated Interest In Hengam/West Bukha Joint Venture With Oman

Irans Ministry of Petroleum expects to take an 80% interest in the proposed development of the Hengam/West Bukha discovery, which straddles the Iran/Oman offshore boundary in the Straits of Hormuz, with the Omani share being 20%. A ministry official told Iranian state radio on 21 June that the governments of Oman and Iran are soon expected to conclude final negotiations on...