VOL. XL

No. 12

24 March 1997

IRAN

NIOC Postpones Final Decision On Balal Development Contract UntilApril

The three remaining bidders competing for a contract to developthe 40,000 b/d offshore Balal oilfield will most likely have to wait until April for finalword on which company has secured the coveted project, senior National Iranian Oil Company(NIOC) officials tell MEES. It had been hoped that an award on the buy-back contract couldbe made before the close of the recently-ended Iranian...