VOL. XXXIX

No. 35

27-May-1996

IRAN

NIOC Extends Bid Deadline On Buy-Back Development Projects

The National Iranian Oil Company (NIOC) recently extended the deadline for the submission of bids in respect of the array of projects currently on offer under "buy-back" terms to the end of June from its previous early May timetable (MEES, 22 April). The two-month extension is needed to give foreign firms enough time to prepare both their technical and financial submissions. Technical...