VOL. XL

No. 25

23 June 1997

IRAN

PEDEC Management Shift Likely To Expedite First Phase Of South Pars Project

The recent appointment of Mr. Mehdi Hashemi Rafsanjani, son of theoutgoing Iranian President, as Managing Director of the Petroleum Development andEngineering Company (PEDEC) is likely to give added impetus to efforts to fast-trackimplementation of the first phase of Iran's high-profile South Pars gas field developmentproject. PEDEC is a wholly owned subsidiary of the National Iranian...