VOL. XLIII

No. 26

26-June-2000

IRAN

Iran Expected To Continue With Buyback Contracts Although Their Drawbacks Are Increasingly Clear

As the National Iranian Oil Company (NIOC) continues with its program of awarding exploration and development contracts to international petroleum companies under buyback contracts, the drawbacks of this type of agreement are becoming increasingly clear to Iranian officials, according to Vahan Zanoyan, President and CEO of The Petroleum Finance Company. Following a...