Middle East Economic Survey


No 23



AOC Seeks Upstream/Downstream Joint Venture In Southern Iraq

Japans Arabian Oil Company (AOC) is in discussions with Iraqs South Oil Company about the possibility of forming a joint venture torehabilitate damaged oil production and port facilities. An AOC spokesman said on 2 June that we hope the rehabilitation project will allow us access to upstream assets. He added that a deal was expected to be signed in July when Iraqs president is...