VOL. XLII

No. 35

30-August-1999

IRAN

NIOC Delays Decision On Offshore Projects After SeekingClarifications From Bidders

It seems that bidders who have been waiting for word onwhich of five contenders have been selected to carry out development work onthe offshore Soroush and Nowruz oilfields will have to cool their heels for atleast several more weeks. Earlier this month project coordinators at theNational Iranian Oil Company (NIOC) asked some of the shortlisted firms tosubmit further bid...