VOL. XL

No. 04

27-January-1997

IRAN

France's Total Emerges As Contender For South Pars Gas Field

France's Total appears to have emerged as theleading contender for a contract to develop the second phase of the mammoth South Parsoffshore gas field. The project is one of six offshore oil and gas fields which have beenassigned to foreign contractors under Iran's model buy-back contract. Preliminarynegotiations between the French oil company and representatives from the National IranianOil Company...