Middle East Economic Survey
VOL. LIV
No 22
30-May-2011
IRAN
NIOC Announces Discovery Of Oil Layer In Khayyam Gas Field
National Iranian Oil Company (NIOC) exploration director Mahmoud Mohaddes announced on 20 May the discovery of a new oil layer in the Khayyam gas field onshore Iran, with reserves in place initially estimated at 758mn barrels. He added that the company expects that at least 22% of this volume will be recoverable. According to Mehr News Agency, Dr Mohaddes added that Khayyam...
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