Middle East Economic Survey
VOL. LIV
No 42
17-Oct-2011
IRAN
Iranian Consortium Replaces Gazprom Neft In Azar Oil Field
National Iranian Oil Company (NIOC) Managing Director Ahmad Qalebani signed an agreement on 11 October with Rokneddin Javadi, CEO of Iran’s Oil Industries Engineering and Construction Company (OIEC), which puts an OIEC-led Iranian consortium in charge of a $1.9bn development of the onshore Azar oil field. Russia’s Gazprom Neft, the oil field development arm...
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