Middle East Economic Survey

VOL. XLVIII

No 41

10-October-2005

Irans Oil And Gas Industry Stalemate Worsens

Irans oil and gas industry stalemate worsened last week, with the Majlis (parliament) passing new legislation that threatens to remove the most senior and experienced staff from government and state company positions. At the same time the governments probe into corruption in oil and gas sector contracts continued with further arrests and the likelihood of more to come. These factors, plus the...