IRAN - The Buyback Approach.

From: APS Review Gas Market Trends | Date: March 28, 2005 | Copyright information

As hardline theologians claimed that the Islamic republic's constitution did not allow the granting of concessions or any production sharing agreement (PSA), the government in 1990 worked out a buyback formula under which foreign firms developing oil or gas fields were to be repaid their cost and given an agreed rate of return from initial production and long-term access to the output. In rounds of offerings made in 1991 for 11 field projects, however, the response was poor because...

Read all of this article with a FREE trial to HighBeam Research

Related newspaper, magazine, and journal articles from HighBeam Research

Iran faces the world: Mohsen Aminzadeh outlines his country's approach to a number of international issues.
New Zealand International Review ; ... unilateral and failed policies against Iran and devise a realistic approach based on mutual respect. Despite the US attitude towards Iran, and the existing differences between ... sustainable and non-discriminatory approach in this regard. Iran thinks that for the creation of a ...
Is a new U.S. approach to Iran possible?
The Arab American News ; ... ready, building war plans and options, studying maps and shifting its thinking." After the failure ... Westernization, not modernization. In the Muslim world Iran today outranks Egypt, Turkey, Indonesia and Saudi ... last six decades. The U.S. military shadow over Iran is heavy. As a punitive measure, since ...
Iran Signals Readiness to Cooperate; Change in U.S. Approach Necessary, Official Says
The Washington Post ; Iran is prepared to work with the United States on a range of issues, especially Iraq and Iran's nuclear activities, if Bush administration officials "change their approach and bring in a new environment for cooperation ... he is puzzled by U.S. officials' attitude toward Iran -- which President Bush ...
Let the Axis Rotate; A Different Approach to Iran Would Better Serve U.S. Interests
The Washington Post ; ... non-relationship to wonder whether an imaginative approach to Iran could lead to more normal ties despite ... for a long time read the situation in Iran as a power struggle between reformists ... question: Are the conservatives being approached? Thus far the answer seems to be no ... not good. Perhaps ...
Diplomacy Stalls as Iran's Nuclear Program Advances; Critics of current U.S. policy say new approaches, and new incentives, are needed.
U.S. News & World Report ; Byline: Thomas Omestad Iran's determined campaign to enrich uranium ... administration for its refusal to negotiate with Iran as long as it is making nuclear fuel. President Bush's approach, in short, is that the United States should not negotiate directly with Iran until it suspends work on uranium ...
Oil and Power: Iran Approach Must Avoid Past Mistakes
Daily News ; As tensions rise in Iran, fund managers look at events there and ... energy portfolios. It is estimated that Iran has 10% of the world's oil reserves, and ... Ayatollah Ali Khameni, the supreme leader of Iran, threatens to put his country's oil supply ...
Decision time approaches; Iran.(Is Iran a threat?)
The Economist (US) ; The hard diplomatic task of denuclearising Iran IS IRAN'S theocratic regime much of a threat to anyone other than ... With hardliners in the ascendant, hope of turning aside Iran's troubling nuclear ambitions is fading too. Yet a nuclear-arm ...
A careful approach to US-Iran dialogue on Iraq
The Boston Globe ; ... by the Security Council last week, which, given Iran's defiance of its nuclear demands, will likely isolate Iran diplomatically precisely at a time when there is ... implicitly, the UN sanction resolution, which calls on Iran to suspend its enrichment program by endorsing ... package obligates the United ...
Dealing with Iran's nuclear ambitions: four approaches.(OPINION)
The Christian Science Monitor ; ... Atomic Energy Agency's decision to report Iran to the Security Council places Washington ... nuclear intentions while preserving Iran's rights under the Non-Proliferation ... diplomatic footwork. The seeds may come from Iran's persistent declaration that its nuclear ... remain peaceful. However, a yet untried ...
Iran: A test for the European approach Tehran's nuclear program
International Herald Tribune ; ... International Herald Tribune 12-14-2004 Iran's nuclear threat may prove one of the biggest ... Bush administration in its second term. Iran will also be the crucible for the European ... to the West. The nuclear accord in which Iran agreed to suspend its production of enriched ...