VOL. XLII

No. 26

28-June-1999

IRAN

Bidders Eagerly Await NIOC Decision On Soroush And NowruzOilfield Buy-Back Projects

Foreign companies bidding on two oilfield renovationprojects in Irans offshore sector are anxiously waiting to hear which of fivecontenders will be awarded buy-back contracts on the fields. The NationalIranian Oil Company (NIOC) had been expected to make a decision on the twoventures, involving rehabilitation and expansion work at the Soroush and Nowruzfields, at last weeks...