Middle East Economic Survey


No 42


Azadegan Contract Collapse Puts NIOC On Lookout For New Partners

National Iranian Oil Company (NIOC) has begun the search for new partners to undertake the $2bn development of the southern sector of the Azedegan oilfield in Iran, MEES understands. Japans Inpex has lost a contract to undertake the development, first awarded by NIOC more than two-and-a-half years ago (MEES, 23 February 2004). The decision to cancel the deal was announced by...