Middle East Economic Survey

VOL. XLVIII

No 36

5-September-2005

IRAN

Nowruz Production Shut Down Temporarily By NIOC

The National Iranian Oil Company (NIOC) has shut down production of around 90,000 b/d of crude oil in the Nowruz field, less than a month after the production facilities were formally handed over by development operator Shell on 9 August (MEES, 15 August). Iranian press reports of 27 August quoted Mehdi Hasani, Managing Director of NIOC subsidiary Iranian Offshore Oil Company (IOOC),...