VOL. XL
No. 25
23-June-1997
IRAN
D'Amato Warns Canada's Bow Valley Against Balal Oil Field Development
US Senator Alfonse D'Amato (R-NY), the Chairman of the Senate BankingCommittee, has warned the Canadian firm Bow Valley Energy Ltd. against signing a deal withthe National Iranian Oil Company (NIOC) for the development of the offshore Balal oilfield. Bow Valley, in a joint venture with the UK firm Pell Frischmann Group, has put in abid for the development of Balal and is currently negotiating...
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