IRAN

 

Khatam Al-Osia Awarded Two Gulf Oil Developments

Iran’s Ministry of Petroleum on 22 May awarded Khatam al-Osia, an engineering contractor affiliated to the Islamic Revolutionary Guard Corps (IRGC), development contracts for the offshore Tusan and Alpha oil fields. Tusan was originally awarded to Brazil’s Petrobras, which pulled out because recoverable reserves were deemed “sub-commercial” (MEES, 13 July 2009). The National...