Middle East Economic Survey

VOL. XLVIII

No 29

18-July-2005

NIOC Resists Majlis Pressure Over Company/State Relationship

The National Iranian Oil Company (NIOC) is resisting pressure from the Majlis (parliament) over the introduction of new legislation which would set out the relationship between the company and the state, MEES understands. The stand-off surrounds the parliaments demand for NIOC to submit new articles of association for debate by members, which would define not only the...