Middle East Economic Survey
VOL. LIII
No 29
19-Jul-2010
IRAN
Mohaddes Calls For Revisions Of Buyback Contracts
The Director of Exploration at the National Iranian Oil Company (NIOC) Mahmoud Mohaddes has called for a revision of the existing buyback contracts, which impact the inflow of foreign direct investment (FDI) to Irans upstream oil and gas sector. In an interview with the petroleum ministrys Shana news service on 10 July, Dr Mohaddes said: The exploration sector is faced with some...
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