VOL. XXXIX
No. 34
20-May-1996
IRAN
Iran Will Take 10% Share In Azerbaijan's Offshore Shakh- Deniz Field
The President of Azerbaijan's state-owned oil company SOCAR, Mr. Natik Aliyev, announced on 12 May that Iran will be given a 10% stake in the company being set up to develop the offshore Shakh-Deniz oilfield. Pressure from the US caused Iran to be excluded from the Azerbaijan International Operating Company (AIOC) when it was established last year to develop the offshore Azeri, Chirag...
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