Middle East Economic Survey


No 23



NIOC To Form Committee To Pursue Joint Oilfield Developments With Iraq

The National Iranian Oil Company (NIOC) is to form a committee to promote joint development of oilfields shared with Iraq, according to Managing Director Gholamhossein Nozari. He said on 26 May that both countries stood to gain by working together: We would strengthen investment and make the best use of our shared fields. There is a general agreement between us. Mr Nozari...