Middle East Economic Survey

VOL. LI

No 8

25-February-2008

IRAN

Gazprom And NIOC Agree On Joint Development Of South Pars Blocks And Oil Project

Gazprom has reached a preliminary agreement with the National Iranian Oil Company (NIOC) for joint development of part of Irans South Pars gasfield and an unspecified oil field. In a 19 February statement following a meeting between Gazprom and NIOC officials in Tehran, the Russian company said: The parties agreed jointly to develop two or three blocks of...