Middle East Economic Survey

VOL. XLVIII

No 13

28-March-2005

IRAN

NIOC Awards Ahwaz-Bangestan, Pars Oil And Rag-e-Safid Projects To Iranian Firms

The National Iranian Oil Company (NIOC) on 17 March announced the award of three oilfield development projects to Iranian companies under buyback contracts. The Ahwaz-Bangestan gas reinjection project and the South Pars oil layer development were awarded to NIOC subsidiary PetroIran Development Company (Pedco), while a project to expand production capacity...