VOL. XL

No. 31

4-August-1997

IRAN

Canada's Bow Valley Beats Out Contenders In Solo Bid For Balal Development Contract

In a move which is likely to come as a disappointment to all the various companieslining up to compete for the project, Canada's Bow Valley has signed a new contract forthe development of the 40,000 b/d Balal oilfield. Bow Valley's independent bid replaces anearlier proposal submitted by the Canadian firm in conjunction with UK engineers PellFrischmann. The British-Canadian...