VOL. XLIII

No. 51

18-December-2000

IRAN

Iran Earmarks $2.8Bn For Azadegan Field Investment In 2001 Draft Budget

Irans draft budget for the Iranian year beginning in March 2001 includes an allocation of $2.8bn for exploration and development of the giant Azadegan oil discovery, according to the Iran newspaper on 13 December. The investment would be made by the National Iranian Oil Company (NIOC) in relation to buyback contracts with international oil companies, the newspaper said.

Irans Ministry of...