Middle East Economic Survey

VOL. LI

No 3

21-January-2008

IRAN

NIOC Plans To Offer Shares In Iran LNG Project

The National Iranian Oil Company (NIOC) is planning to sell shares in the Iran LNG Company to a firm in the private sector, an NIOC subsidiary formed to develop the planned 10mn tons/year Iran LNG project. Iran LNG Managing Director Ali Kheirandish said on 14 January that 40% of equity in the company would be offered to private investors and companies, with a further 40% offered to buyers of...