Middle East Economic Survey


No 8



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...