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NIOC studying bids for exploration, development of Khorramabad oil block Tehran, May 25, IRNA

Iran-NIOC-Khorramabad The National Iranian Oil Company (NIOC) has announced that it has started reviewing proposals submitted by eight international oil companies for exploration and development of Khorramabad oil block, the press reported here on Wednesday.

The Persian-language newspaper `Eqtesad-e Pouya' reported that the NIOC has opened financial envelopes of Khorramabad tender and that the contract for the exploration and development of the block will be signed within the next few months.

The report quoted Hossein Roshandel, director for exploration blocks at the NIOC Department of Exploration Affairs, as saying that the NIOC is also negotiating with the bidders for exploration and development tenders of three more blocks -- Kouhdasht, Garmsar and Raz.

Roshandel stressed that the contracts of four or five blocks from a total of 16 blocks that Iran put on international tenders in 2003 will be signed before the end of President Mohammad Khatami's tenure.

The official further announced that the NIOC has defined 12 oil blocks in sedimentary regions of the country and that it would soon hold an international tender for their simultaneous exploration and development as well.

... Payvand News - 5/25/05 ... --

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