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...
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