VOL. XL
No. 46
17-November-1997
IRAN
Shortcomings Of Buy-Back Concept Prompt Review Of Upstream Investment Models
Perceived shortcomings of the buy-back concept, Iran's current offshore investmentvehicle, are fuelling a substantial reassessment of the appropriate mechanism forattracting foreign participation in the country's oil and gas sector. The review firstbecame apparent last month when the National Iranian Oil Company (NIOC) solicited advicefrom international firms on how it might...
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