VOL. XLIII

No. 39

25-September-2000

IRAN

Irans Bangestan Project On Fast Track As Bidders Prepare To Submit Final Proposals

The National Iranian Oil Company (NIOC) has told international oil companies bidding for the three-field Bangestan development buyback contract that it intends to fast-track the project, according to MEES soundings. The negotiations will be handled by NIOC subsidiary Petroleum Engineering and Development Company (Pedec), which was recently given responsibility for negotiating...