Middle East Economic Survey

VOL. LII

No 28

13-Jul-2009

IRAN

Petrobras Sees Tusan Block Find As Non-Commercial

Petrobras International Director Jorge Zelada said on 4 July that his company was not interested in pursuing the development of an oil discovery it made in Irans offshore Tusan block. Our expectation is for a sub-commercial reserve, Mr Zelada said. It is a small reserve. We have not yet finished the report, but the expectation is that it does not have commercial possibilities. Petrobras won...