VOL. XLI

No. 37

14-September-1998

IRAN

Russia's Gazprom Faces Uphill Battle In Bid To Develop Further Phases At South Pars

Now that Russia's RAO Gazprom has added its name to the list of companies bidding for abuy-back contract to develop the fourth and fifth phases of the giant South Pars gasfield,the number of competitors which have submitted concrete proposals for the project hasrisen to two. The Russian company's bid was formally presented to the National Iranian OilCompany (NIOC) in July...