Middle East Economic Survey

VOL. XLVIII

No 25

20-June-2005

iran

NIOC Awards South Pars Phases 17-18 Development To Petropars-Led Consortium

The National Iranian Oil Company (NIOC) has awarded a contract for the development of Phases 17 and 18 of the offshore South Pars gasfield to a consortium comprising Irans Petropars (operator and 29% interest holder), Oil Industries Engineering and Construction Company (OIEC 50%) and Iranian Offshore Engineering and Construction Company (IOEC 21%). The...