Middle East Economic Survey


No 18



Kasaizadeh Says Sinopec May Take Equity In Persian LNG Project

National Iranian Gas Export Company (NIGEC) Managing Director Reza Kasaizadeh told Mehr News Agency on 27 April that Chinas Sinopec is negotiating to take a 20% stake in the proposed Persian LNG project. He said that NIGEC, Repsol, and Shell currently have 50%, 25%, and 25% shares in the project, respectively. If the proposed plan is agreed on, these shares will be changed to...