VOL. XLII
No. 06
8-February-1999
IRAN
Iran痴 Economic Council Approves Doroud And Balal Buy-BackProjects
After several months of deliberations, Iran痴 EconomicCouncil has finally approved buy-back contracts covering two oilfielddevelopment projects in the country痴 offshore sector. Meeting on 30 January,the top-level review board gave the nod to a $1bn secondary recovery projecttargeting the Doroud field as well as a smaller $280mn venture involving thedevelopment of the Balal field. The endorsement...
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