VOL. XLI

No. 09

2-March-1998

IRAN

Lasmo Intends To Bid In Next Iranian Buy-Back Scheme

UK-based Lasmo Plc has announced its intention to participate in the next Iranianbuy-back round which is due to take place later this year. Mr. Joe Darby, the company'sChief Executive Officer, said on 26 February that Lasmo has "a goodrelationship" with the National Iranian Oil Company (NIOC) and that it was givingLasmo "a lot of encouragement." Mr. Darby said: "We are looking at aparticular project in the...