Yadavaran Buyback Contract Signals Better Iranian Terms
Article from: OGEL 1 (2009), in Middle East, Buy Back Contracts
Introduction
January 2008 - A recent Chinese buyback contract for development of Iran's Yadavaran oil field indicates possibly better terms for international oil companies, said a senior consultant with FACTS Global Energy. This deal is considered as one of the most important deals with a foreign oil company in Iranian petroleum industry since the last 3 years, " said Alexis Aik of FACTS Singapore office. But she noted that lack of confidence in Iran's political environment and concerns about its economy remain a deterrent to international oil investors.