VOL. XLII

No. 09

1-March-1999

IRAN

Buy-Back Participation Rises As Foreign Companies Bid IntoIran痴 Second Upstream Tender

According to MEES estimates, some 32 companies from18 countries are now competing either directly or as members of consortia inIran痴 second international tender. Launched by the National Iranian OilCompany (NIOC) in July last year, the buy-back projects include developmentventures in the country痴 onshore and offshore sectors as well as a largenumber of exploration blocks. NIOC...