Middle East Economic Survey
VOL. XLVIII
No 33
15-August-2005
IRAN
Shell Hands Over Soroush/Nowruz Facilities To NIOC
Shell formally handed over responsibility for the management of the Soroush/Nowruz field production facilities to the National Iranian Oil Company (NIOC) at 8.30pm on 9 August, MEES understands. The handover marks the completion of the redevelopment of the Soroush and Nowruz offshore oilfields by Shell, under an $800mn buyback contract awarded by NIOC in 1999 (MEES, 22 November...
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