Middle East Economic Survey

VOL. LIV

No 18

2-May-2011

IRAN

NIOC Aims To Complete First Caspian Sea Deepwater Well By End-March 2012

National Iranian Oil Company (NIOC) Exploration Director Mahmoud Mohaddes told journalists on the sidelines of a petroleum industry exhibition in Tehran on 18 April the company plans to complete its first deep water exploration well in the Caspian Sea by the end of March 2012. Dr Mohaddes said drilling of the well was under way and that it was targeting a...