VOL. XL

No. 30

28-July-1997

IRAN

NIOC Launches New Bid Round For Balal Field After UK-Canadian Submission Falters

The National Iranian Oil Company (NIOC) has launched a new bidding round in thecompetition for the 40,000 b/d Balal offshore oilfield development contract. The re-bidcomes after a British-Canadian consortium failed to line up financing to support a $212mnsubmission approved by NIOC earlier this year (MEES, 23 June). A number ofinternational firms which have expressed interest in...