No. 32



NIOC Issues Invitation To Tender For Buy-Back Projects

Iran's NIOC has issued an official invitation to international oil companies to tenderfor the implementation of a large number of oil/gas exploration and development projectsin Iran on buy-back terms. The projects in question - over 40 in all - were unveiled at aconference in London held in early July (MEES, 6 and 13 July). The following is thetext of the invitation to tender, as issued by NIOC on 3...