Middle East Economic Survey


No 42


Iran Shuts Down Soroush Production To Defend Crude Price

The National Iranian Oil Company (NIOC) has shut down production at the Soroush field, having earlier halted it at the Nowruz field which uses the same offshore facilities, in its continuing efforts to shore up the prices for these crude oil grades. On 11 October, reports quoted officials of the Iran Offshore Oil Company (IOOC), a subsidiary of NIOC, as saying that Soroush...