Middle East Economic Survey

VOL. L

No 39

24-September-2007

IRAN

NIOC And Edison Sign South Pars Gas MOU Unlinked To Specific Phases

The National Iranian Oil Company (NIOC) signed a memorandum of understanding (MOU) with Italys Edison SpA on 15 September for a feasibility study into the development of two phases of the South Pars gasfield, linked to pipeline and/or LNG exports. NIOC has typically allocated around 1bn cfd of gas production to individual phases of South Pars already under development....