Middle East Economic Survey


No 4



Chinas CNOOC In Talks To Buy 3Mn T/Y Of Iranian LNG

Chinas CNOOC is negotiating with the National Iranian Oil Company (NIOC) for the purchase of 3mn tons/year of LNG, the Ministry of Petroleums PIN news service reported on 22 January. Delivery would be to an import terminal to be built at Zhuhai in southern China. CNOOC and NIOC have signed a memorandum of understanding for a $16bn linked development of Irans North Pars gasfield and a...