Middle East Economic Survey


No 22



Iran And Malaysia Sign MOU For Resalat Oil Field Redevelopment

Petroleum officials from Iran and Malaysia signed a memorandum of understanding (MOU) in Kuala Lumpur on 23 May for the redevelopment of Irans Resalat offshore oil field. Iranian state radio said that the MOU envisaged the finalization of a contract for the development program in two months. The National Iranian Oil Company (NIOC) has held talks with both Malaysia and China for...