Middle East Economic Survey


No 41



NIOC Plans Expansion Of Caspian Swaps

National Iranian Oil Company (NIOC) Managing Director Ahmad Qalebani told Shana on 1 October that the company was planning to increase the volume of oil swaps with its Caspian Sea neighbors, which currently stand at 25,000 b/d. He called on Iranian private companies to take the lead in the completion of these transactions, which until Iran decided to halt swaps temporarily in October 2010 were...