VOL. XLII

No 47

22-November-1999

IRAN

Shell And Iran Finalize Deal For Development Of Soroush/Nowruz OffshoreOilfields

After some anxious months of waiting, an agreement hasfinally been signed between Iran and Shell for the redevelopment of two Iranianoffshore oilfields Soroush and Nowruz. The agreement was signed in Tehran on14 November between the National Iranian Oil Company (NIOC) and ShellExploration B.V., an affiliate of the Royal Dutch/Shell Group. Under the dealthe two fields, which were...