No. 20



Iran Close To Clinching Deal With ForeignGroup For Second And Third Phases Of South Pars Gas Development

Iran is close to finalizing a deal with a foreigngroup for the second and third phases of the giant offshore South Pars gas field on "buy-back" terms, according toIranian Oil Minister Gholamreza Aghazadeh. Mr. Aghazadeh told a press conference in Isfahan on 10 May (attendedby Basim Itayim and Walid Khadduri of MEES) that the main features of the deal had been...