VOL. XLI

No. 21

25-May-1998

IRAN

New Channel Islands Firm Established To Carry Out First Phase Of South Pars Project

A new company known as PetroPars has been set up by Iran's Petroleum Development andEngineering Company (PEDEC) to handle development work related to the South Pars gasfield.PEDEC is an affiliate of the National Iranian Oil Company (NIOC). PetroPars, which hasbeen established in the UK' s Channel Islands with offices in Tehran, will function as aprivate sector company and will...