Middle East Economic Survey


No 17



NIOC Extends Hydros Azar Deadline

The National Iranian Oil Company (NIOC) announced on 15 April that it had extend by two months the deadline for Norsk Hydro to submit its master development plan for the Azar discovery on the Anaran block. NIOCs PIN news service quoted Mehdi Bazargan, Managing Director of NIOCs Oil Engineering and Development Company (OEDC) subsidiary, as saying that Hydro was expected to submit the development plan by the...