VOL. XXXVIIINO. 67-NOVEMBER-1994

Iran

Local Firm Awarded Reconstruction Contract For Abuzar Offshore Oilfield

Iran's NIOC has awarded a local Iranian company the Marine InstallationManufacturing and Engineering Company (MIMEC) the contract for repair andreconstruction of production platforms at the war-damaged offshore Abuzaroilfield. This is in line with Iran's new policy of awarding offshore oildevelopment contracts to local rather than foreign firms in cases where externalfinancing...