IRAN REBUILDING PETROLEUM INDUSTRY, OUTPUT CAPACITY

Bob Tippee Managing Editor--Economics and Exploration Iran has turned away from stern isolationism this year in order to rebuild a war-ravaged petroleum industry and stimulate its economy. The reconstruction effort includes participation, under terms still not well defined, by non-Iranian companies in upstream oil and gas operations. First announcement of an exploration-development deal came in June, when a unit of Total-Cie. Francaise des Petroles said it signed a preliminary agreement with

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