Middle East Economic Survey


No 34



Mubabala Denies Gas Talks With NIOC

UAE state development and investment company Mubadala on 17 August sent an e-mail to Tehran Times to refute stories running in the Iranian media the previous day that it has replaced Crescent Petroleum in a deal to import Iranian gas produced in the Salman offshore field. Sharjah-based Crescent has decided to seek international arbitration on its stalled project to import 600mn cfd of gas...