Middle East Economic Survey

VOL. XLVIII

No 37

12-September-2005

IRAN

Petronas Reduces Pars LNG Stake To 10%

Malaysias Petronas has reduced its equity interest in the Pars LNG consortium from 20% to 10%, following negotiations with operator and 30% interest holder Total. At first Petronas was considering withdrawing entirely from the project (MEES, 2 May). As yet there has been no decision about who will take the released equity: Total is one option, but the National Iranian Oil Company (NIOC) has...