CANADIAN independent Sheer Energy has teamed up with Iranian local Naftkav to bid for the enhancement programme on the ageing Masjed Soleiman oilfield. Officials from the National Iranian Oil Company (NIOC) said the two companies had agreed to carry out the enhancement programme in the southern province of Khuzestan under a revised version of the country's buyback model that would grant them operator status for the field.
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17 November 2000 0:00 GMT
Updated
17 November 2000 0:00 GMT