VOL. XXXVII
NO. 16
17-JANUARY-1994
Iran
Iran Cancels Intent Letter for South Pars Development Contract
MEES learns that the National Iranian Oil Company (NIOC) has formallycancelled a letter of intent which it originally issued in September 1992 to aconsortium led by TPL (Technologie Progetti Lavori) and Saipem of Italy incooperation with Mitsubishi Corp. of Japan and Machinoim- port of Russia, inrespect of a $1.7bn contract for the development of the South Pars offshore gasand condensate field....
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