VOL. XLIII

No. 35

28-August-2000

IRAN

NIOC Awards Chinese Corporation $85Mn Contract To Drill Gas Wells

The National Iranian Oil Company (NIOC) on 20 August awarded China National Petroleum Corporation (CNPC) an $85mn contract to drill 19 gas wells in southern Iran. According to Chinas Xinhua News Agency, the contract is the first to be won by a Chinese company since the 1979 Islamic revolution. CNPCs China Petroleum Technology Service and China Petroleum Technology Development Company, together...