Middle East Economic Survey
VOL. LII
No 37
14-Sep-2009
IRAN
Indias IOC May Drop Out Of Consortium Developing Farsi Block
Indian Oil Corporation (IOC) CEO Shri S Behuria was quoted by Reuters on 3 September as saying that the ongoing financial crisis has forced the company to review its plans regarding its participation in the development of a gas find in Irans Farsi block. The times have changed since we moved into Iran, Mr Behuria said. At that time, our financial position was good but now we have...
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