VOL. XXXVI
NO. 4
26-OCTOBER-1992
IRAN
Japex Bows Out of Bidding for Hormuz Fields But Shows Interest in SirriStructures
The Japanese oil group Japex - in which the state-owned Japan National OilCorporation holds two-thirds of the shares - has finally bowed out of thebidding for the development of five offshore oil and gas structures in theHormuz area, after more than a year of unsuccessful negotiations with Iran'sNIOC. The letter of intent between the two parties in this connection formallyexpired...
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