Iranian parliament approves buyback projects

Feb 18, 2002 01:00 AM

The Iranian Majlis (Parliament) approved budgeting $ 22 bn this year for buyback projects shared with neighbouring countries. The amount is allocated in accordance with Iranian law in order to provide a recover of investment costs and a profit from oil production for foreign and domestic companies that participate in the development of oil and gas reserves that are shared with Iran's neighbours.
The budgetary period is based on the Iranian calendar year, which commences in March of this year and ends in March 2003.

There are numerous oil and gas fields that are located on the border between Iran and adjoining countries including the Persian Gulf's giant South Pars Field, which is shared with Qatar (as the North Field), the Forouzan and Esfandiyar Fields which overlap Saudi Arabian territory, the Gonbadli Field shared with Turkmenistan, a number of Caspian fields shared with Azerbaijan, and the Naftshahr Field overlapping Iraqi territory.

Source: Development & Production Site Navigation OGI
Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.

Cover_242-width

The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


 

Upcoming Conferences
« November 2018 »
November
MoTuWeThFrSaSu
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30

Register to announce Your Event

View All Events