Middle East Economic Survey


No 36



No Gas Exports To UAE Until New Price Agreed, Says Vaziri-Hamaneh

Iranian Minister of Petroleum Kazem Vaziri-Hamaneh told reporters on 26 August that the problems with the agreement to sell natural gas to the UAE were the low price and the requirement to keep the price fixed for seven years. He said that the gas price for the agreement to deliver gas from Salman field to Sharjah-based Crescent Petroleum was set according to a formula...