Middle East Economic Survey

VOL. LI

No 50

15-Dec-2008

IRAN/IRAQ

Iran And Iraq To Cooperate On Oil Projects, Says OIIC

Ahmad Nasiri, Managing Director of Irans Oil Industry Investment Company (OIIC), has announced that Iran will partner an Iraqi oil company in a program to drill nine oil wells close to northern Baghdad, Fars News Agency reported on 10 December. He estimated the cost of the drilling at 25mn and expected work to be completed in 18 months. Mr Nasiri said that Iran hoped the venture...