VOL. XLI

No. 40

5-October-1998

IRAN

Exploration Deal In Irans Caspian Sea SectorSuffers Temporary Setback

It appears that negotiations between an affiliate of the NationalIranian Oil Company (NIOC) and a consortium of three foreign oil companies regarding anexploration study project in Irans Caspian Sea sector have suffered a temporarysetback. The consortium, which includes Royal Dutch/Shell, British Petroleum and UKindependent Lasmo, has been holding discussions with NIOCs Khazar Exploration...