VOL. XLI

No. 31

3-August-1998

IRAN

Foreign Consortium Eyes Expanded Exploration Deal In IransCaspian Sea Sector

Irans Khazar Exploration and Production Company (KEPCO) hasapparently made significant headway in finalizing the terms of a major exploration studyit plans to conduct with a consortium of foreign oil companies in the Iranian sector ofthe Caspian Sea. The recently-formed Caspian affiliate of the National Iranian Oil Company(NIOC) has been holding in-depth discussions with three...