No.52/ No. 01

25-Dec.-2000/1 Jan. 2001


Zanganeh Outlines Priorities For Buyback Program

Irans Oil Minister Bijan Zanganeh has responded to growing criticism in Iran over buyback contracts with international companies by declaring that the country needs them to boost its oil production capacity. His declaration follows the recent revelation that the Iranian Majlis (parliament) plans to debate the pros and cons of the buyback program and potential changes to the buyback formula,...