Middle East Economic Survey

VOL. XLVIII

No 4

24-January-2005

IRAN

PTT And NIOC Nearing Agreement On Two Exploration Blocks

Thailands PTT and the National Iranian Oil Company (NIOC) are nearing agreement on exploration and development (E&D) contracts for the Saveh and Khoramabad tracts in Western Iran (for map see MEES, 1 December 2003). MEES soundings indicate that the two companies are in agreement on terms for Saveh and have some differences to settle on Khoramabad, but that a conclusion is...