VOL. XLII

No. 30

26-July-1999

IRAN

The Need For Acceleration And Opening Up Of Foreign AndDomestic Private Investment In The Iranian Oil And Gas Sector

by Mehdi Varzi

The following speech was delivered by Mr. Mehdi Varzi,Director of Oil and Gas Research, Dresdner Kleinwort Benson, at the IBC IranianOil and Gas conference, held in London on 12-15 July.

Setting The Scene

In my view, the reopening of the Iranian oil and gas sectorto private capital is an historic undertaking on the governments part....