Chinese firms face competition to maintain role in developing Iranian oilfields

Iran plans to ask international oil companies to bid for the second phase of development of its Yadavaran and North Azadegan oilfields, a senior official said on Saturday. "CNPC would like to extend its North Azadegan contract, but we have announced that ...they should take part in the bidding for a new contract," Gholamreza Manouchehri, deputy head of the National Iranian Oil Company (NIOC), was quoted as saying by state news agency IRNA.