Middle East Economic Survey

VOL. XLVIII

No 38

19-September-2005

IRAN

Tatneft Suspends Iran JV

Russias Tatneft is to pull out of a provisional agreement with Iranian charitable investment organization Mostazafan and Janzaban Foundation to pursue upstream oil projects in Iran, Interfax news agency reported on 8 September. The report said Tatneft and Mostazafan had in February signed an agreement in principle to pursue Iranian upstream work on a 50:50 basis. Tatneft Chief Engineer and Deputy Managing...