VOL. XL

No. 43

27 October 1997

IRAN

NIOC May Offer Out Offshore Exploration Acreage In Upcoming Buy-Back Round

MEES understands that the National Iranian Oil Company (NIOC) is currentlyconsidering including offshore exploration acreage in a further round of projects whichare expected to be offered to outside firms under buy-back terms within the next fewmonths. However, NIOC has not decided how to structure exploration territory into thecurrent buy-back mechanism and has contacted a number of...