VOL. XLI/VOL. XLII

Nos. 52/1

28-December-1998/4-January-1999

IRAN

Iran And Russia To Form Joint Oil And Gas Exploration Company

Iran announced on 19 December that its Naftgaran Engineering ServicesCompany (Nesco) and Russias Gazprom would form a joint oil exploration company withthe shareholding divided 51% and 49% respectively.

Copyright 1998 Middle East EconomicSurvey