VOL. XLII

No 47

22-November-1999

IRAN

Majlis Ratifies Article Allowing Private SectorParticipation In Oil Industry

Iran痴 Majlis (parliament) on 15 November ratified article34 of the country痴 third five-year development plan, which covers the years2000 to 2004 starting in March. The article authorizes Iran痴 private sector toparticipate in the oil industry in exploration, production, refining,transportation and distribution of crude oil and products. Until now Iranianprivate sector companies have,...