Middle East Economic Survey

VOL. LII

No 50

14-Dec-2009

IRAN

India Confirms Details Of Equity In Iranian Gas Projects

The ONGC Videsh Ltd (OVL) subsidiary of Indian state firm Oil and Natural Gas Corporation has taken a 20% share in the $4.35bn Iran LNG export project that Pars Oil and Gas, a subsidiary of the National Iranian Oil Company (NIOC), is building at the port of Tombak, Indias PTI news agency reported on 8 December. Indias Hinduja Group and Petronet LNG are OVLs partners in the Iran LNG...