Middle East Economic Survey

VOL. XLVIII

No 29

18-July-2005

Iran

Pedco Receives Bids From Statoil, Total And Eni For Participation In Ahwaz-Bangestan

PetroIran Development Company (Pedco) has received proposals from three international oil companies (IOCs) Norways Statoil, Total of France, and Italys Eni with a view to participation in development work in the Bangestan formation of Irans Ahwaz oilfield. The National Iranian Oil Companys (NIOCs) PIN news service on 11 July quoted Pedco Managing...