Report summaryThe Soroosh (formerly Cyrus) and Nowruz oil fields are located in shallow waters in the northern Persian Gulf, 83 kilometres west of Kharg Island. The fields were brought onstream in 1967 but were shut-in following the outbreak of the Iran-Iraq war in the 1980s. In 1995, the National Iranian Oil Company (NIOC) offered the renovation and upgrading of the fields to foreign oil companies, under a buy-back contract. A buy-back contract for the redevelopment project was awarded to Shell, in ...
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