Middle East Economic Survey

VOL. XLVIII

No 33

15-August-2005

IRAN

Petropars And Petronas Sign Upstream Cooperation Agreement

Irans Petropars and Malaysias Petronas on 6 August signed a cooperation agreement with a view to establishing an upstream oil and gas joint venture, according to the IRNA news agency. The companies intend to pursue a joint exploration project in Iran and will also seek opportunities in third party countries. Petropars is an offshoot of the National Iranian Oil Company (NIOC),...