Middle East Economic Survey

VOL. LI

No 18

5-May-2008

IRAN

ONGC And Hinduja Cleared By NIOC To Take Azadegan And South Pars 12 Equity

The National Iranian Oil Company (NIOC) has approved the proposed participation by Indias ONGC Videsh and Hinduja group in the development of Azadegan oil field and Phase 12 of the South Pars gas field, Fars News Agency reported on 28 April. The board of Naftiran Intertrade Company (NICO), NIOCs overseas marketing arm which is involved in funding a number of major...