Middle East Economic Survey

VOL. L

No 23

4-June-2007

IRAN

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...