Middle East Economic Survey

VOL. XLVIII

No 43

24-October-2005

IRAN

NIOC Restarts Soroush/Nowruz Oilfields Production

The National Iranian Oil Company (NIOC) on 17 October announced the restart of production from the Soroush and Nowruz offshore oilfields, estimating initial production at 45,000 b/d from each field and saying that output would be progressively built up to their combined target production rate of 190,000 b/d. NIOCs Iran Offshore Oil Company (IOOC) subsidiary had claimed that the...