VOL. XL

No. 32

11-August-1997

IRAN

Bow Valley Confirms Signature Of Balal Oilfield Development Contract

Bow Valley Energy issued on 6 August a press release confirming a story in last week's MEESto the effect that it had signed a contract with the National Iranian Oil Company(NIOC) for the development of the Balal offshore oilfield (MEES, 4 August). BowValley had teamed up with Bakrie Minarak Petroleum to pursue the development project, andthe Indonesian firm also participated in the signing...