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| Syria-Lebanon-Iran |
| Iran seeks foreign developers for southwest energy reserves |
| 2004-07-15 |
| Iran has been advancing legislation to attract foreign investment in the nation’s energy sector. Iran’s parliament has been revising its current law to enable greater foreign participation in crude oil and natural gas projects. Under the legislation, foreign firms would receive greater benefits and revenues from their investment by allowing them to develop oil and gas reserves. Officials said Teheran plans to award a contract to a foreign company by October 2004. (plans change..look at Saddam’s former oil.....) The legislation, part of Iran’s new 2005-10 economic development plan, was meant to develop energy reserves outside the southwestern region. Under the legislation, the state-owned National Iranian Oil Co. would ease restrictions on so-called buy-back agreements, Middle East Newsline reported. So far, companies from India, Malaysia, Spain, and Russia have submitted bids to develop Iran’s North Azadegan, Kushk, and Hosseinieh oil fields under a buy-back arrangement. Officials said India’s ONGC Videsh could receive a 20 percent stake in Kushk and Hosseinieh fields. |
| Posted by:Mark Espinola |
| #3 If the legislation was written in French we might have a clue... |
| Posted by: Seafarious 2004-07-15 1:46:47 AM |
| #2 Yes, let's do a little exploring for oil in Iran. I'll bet you we can pull a few 1/2 megaton to 1 megaton warheads off the shelf and stick in the B-61 assembly. A little burrowing action that would likely dig a pit 1000' deep. Why waste a perfectly good nuke looking for oil when you can vaporize a blackhat? |
| Posted by: anymouse 2004-07-15 1:43:15 AM |
| #1 Good pick up, recent big contracts with the French and Chinese will be followed by "bidders" who can be corporate/national shields. |
| Posted by: Capt America 2004-07-15 1:10:34 AM |