Middle East Economic Survey

VOL. XLVIII

No 14

4-April-2005

FACTS Sees Obstacles To Irans Oil, Condensate And Gas Ambitions

Iran has ambitious plans to increase production and exports of oil, gas and condensates, through a mixture of projects to be undertaken by local firms and international companies. However, three reports published in March by Fereidun Fesharaki, President of Honolulu-based FACTS Inc, show that the National Iranian Oil Company (NIOC) faces major obstacles on all three fronts.

In...