Magazine article Washington Report on Middle East Affairs

Iran/iraq

Magazine article Washington Report on Middle East Affairs

Iran/iraq

Article excerpt

Iran-Japan Seal Oil Deal

On Feb. 18 Japan reached a deal with Iran to develop the latter's massive Azadegan oilfield in order to guarantee stable oil supplies. The controversial project had been postponed due to U.S. concerns that Tehran is developing a nuclear weapons program, Reuters reported the next day. The contract, valued at $2 billion, is one of Tehran's biggest international deals since the 1979 Islamic revolution. According to the report, it also "represent[s] a significant boost for Iran's efforts to attract foreign capital." Iran's state news agency, IRNA, reported that the deal, in which Japan Petroleum Exploration Co. (JAPEX) and INPEX Corp and Tomen Corp. will develop the southern half of Azadegan, one of the world's largest untapped oilfields, was the culmination of four years of negotiations.

Iraq's Postal Operations Studied

A high-level team from Iraq's Coalition Provisional Authority visited the United Arab Emirates Feb. 25 to study the postal operations of Emirates Post, the Khaleej Times reported that day. The trip was the latest effort aimed at reconstructing Iraq's postal infrastructure. The team consisted of Raymond T. Murphy, a senior postal adviser from the U.S. Postal Service in New York, and Steven J. …

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