VOL. XLIII

No. 39

25-September-2000

IRAN

Zanganeh Reorganizes NIOC Management

The assumption by Petroleum Engineering and Development Company (Pedec) of the role of negotiator for buybacks contracts, alongside its existing role in implementing some of the projects, followed the appointment of Seyed Mehdi Hosseini, Irans former Deputy Petroleum Minister for International Affairs, to head NIOCs KALA subsidiary in London. Mr Hosseini was the main driving force behind the buybacks since their...