Middle East Economic Survey
Gazprom Replaces StatoilHydro In Azar Field Development
Irans Petroleum Engineering and Development Company (Pedco), a subsidiary of the National Iranian Oil Company (NIOC), announced on 2 November that it has signed a preliminary agreement with Gazprom regarding the development of the Azar oil discovery on the Anaran block in Ilam province. The announcement followed the decision by Norways StatoilHydro to waive an option to develop the...
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