Middle East Economic Survey


No 21



NIOC Discloses Petrobras Oil Find On Irans Tusan Block

Brazils Petrobras has made an oil discovery on Irans Tusan offshore block, National Iranian Oil Company (NIOC) Director of Exploration Mahmoud Mohaddes told the ISNA news agency on 19 May. The discovery was made with the Taftan-1 well. Dr Mohaddes said test results for the discovery well would be announced in the near future. An appraisal well had reached a depth of 1,500ms and would be...