Middle East Economic Survey

VOL. XLIX

No 42

16-Oct-2006

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...