VOL. XXXVIII

NO. 46

14-AUGUST-1995

Iran

Iran Announces Tenders For 10 Oil And Gas Projects

The National Iranian Oil Company (NIOC) has now formally invited interestedinternational companies to apply for prequalification documents by 8 Septemberfor 10 oil and gas projects on offer to foreign investors on"buy-back" terms. Under the buy-back terms, for the total cost ofgoods and services for the project in question the foreign contractor isremunerated "out of the proceeds of exports of hydrocarbon...