VOL. XLIII

No. 48

27-November-2000

IRAN

Canadas Sheer Energy Pursues Masjed-e-Suleyman Development Project

Sheer Energy Inc of Calgary revealed on 22 November that it is negotiating with the National Iranian Oil Company (NIOC) for a buyback contract for further development work at the Masjed-e-Suleyman oilfield. Sheer Energy chief Terry Lawrence told reporters the company is bidding for a contract to boost output in the field, discovered in 1908 and said to be the oldest producing field in the...