Middle East Economic Survey

VOL. XLVIII

No 34

22-August-2005

IRAN

NIOC Approves Statoils Proposed South Pars Phases 6-8 Capacity Increase

The board of directors of the National Iranian Oil Company (NIOC) has approved a proposal by Norways Statoil to expand the production capacity of the South Pars Phases 6-8 gasfield project. Statoil is the operator of the offshore development, and suggested that gas recovery could be increased from the planned 3bn cfd to 3.9bn cfd because of better than...