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...
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