VOL. XLII
No. 21
24-May-1999
IRAN
Iran Considers Enhanced Version Of Buy-Back Contract ForCaspian Sea Exploration Acreage
It appears that an enhanced version of Iran痴 currentinvestment vehicle is to be offered to firms willing to pursue high-riskexploration opportunities in the country痴 Caspian Sea sector. The newlyrevised contract model is primarily designed to attract foreign oil companyinterest in upstream prospects which are also claimed by other littoral states.As such, the contract contains...
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