VOL. XLI

No. 46

16-November-1998

IRAN

NIOC Submits Doroud Buy-Back Contract To Economic Council For Approval

It appears that signature of a buy-back contract covering a majorsecondary recovery project at the offshore Doroud oilfield is imminent. Barring any lastminute glitches, the long-awaited deal is expected to be signed between the NationalIranian Oil Company (NIOC) and a partnership consisting of Frances Elf Aquitaine andAgip of Italy within the next several weeks. Speaking in Tehran last...