Middle East Economic Survey

VOL. LII

No 48

30-Nov-2009

IRAN

Saipem Triune Awarded Forouzan Development Contract By NIOC

A joint venture company owned 50:50 by Italys Saipem and Indias Triune has been awarded a contract by the National Iranian Oil Company (NIOC) for further development of Forouzan oil field, which lies 100km to the southwest of Kharg Island. The aim of the project is to raise output from the current 35,000 b/d to 100,000 b/d. NIOC had awarded the contract to its Iran Offshore...