VOL. XLI

No. 25

22-June-1998

IRAN

Foreign Companies Submit Proposals For Exploration Study In Iran's Caspian Sector

It appears that a considerable number of the dozen or so mostly European firms whichwere invited to submit proposals for a phased exploration program covering a huge swath ofterritory in Iran's Caspian Sea sector responded positively to the overture earlier thismonth. The proposals had been requested by Iran's Deputy Oil Minister in charge of Caspianoil and gas affairs, Mr. Ali...