Iran Formally Invites Bids for ``Buy-Back " Projects
DUBAI The National Iranian Oil Company (NIOC) on Saturday formally invited foreign companies to bid for a string of buy-back oil and gas projects worth billions of dollars which were announced last month. It is Iran's largest foreign oil and gas tender since the 1979 Islamic Revolution. National Iranian Oil Co. (NIOC)...hereby invites tenders for implementation of the petroleum projects specified in the general budget act of the IRI (Islamic Republic of Iran) on the basis of a buy-back mechanism, a fax from NIOC said. International oil ...
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