Middle East Economic Survey
VOL. XLIX
No 1/2
2/9-January-2006
IRAN
First Gas For North Sea Field In Which NIOC Subsidiary Holds Equity
The Rhum gasfield in the UK North Sea, in which National Iranian Oil Company (NIOC) subsidiary Iranian Oil Company UK Ltd holds a 50% equity interest, began production on 20 December. Field operator and 50% equity holder BP announced that the Rhum development had cost 350mn and was the worlds first high pressure, high temperature gas reservoir developed using a...
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