Middle East Economic Survey
Oriental Oil Kish/Halliburton Lose South Pars Contract
Irans Oriental Oil Kish and US sub-contractor Halliburton have lost a $310mn drilling contract for Phases 9 and 10 of the South Pars gasfield development because of allegations of improper financial behavior. An official of the National Iranian Oil Company (NIOC) Mohammad Reza Moghaddam was quoted on 23 August as saying it was recognized that there was financial corruption with...
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