Middle East Economic Survey


No 24



Inpex Warned Again About Azadegan Delays

Iranian Minister of Petroleum Kazem Vaziri-Hamaneh has reiterated a warning to Japans Inpex that it may lose the right to develop the South Azadegan oilfield if it does not begin development work in the near future. He told state TV on 5 June: If the Japanese do not come to begin the development of Azadegan oilfield, we will not tolerate their delay any longer and will hand over the job to our own...