Middle East Economic Survey

VOL. XLVIII

No 2

10-January-2005

IRAN

Munir Block Discoveries Non-Commercial, But Exploration Continues

International oil firms exploring the Munir license area in Iran have declared two discoveries made there non-commercial, but have applied to the National Iranian Oil Company (NIOC) for a one-year extension to the license so they can study other prospects. Munir license partners are Italys Edison (operator 40% equity), Swedens Lundin Petroleum (30%), and Malaysias...