Middle East Economic Survey

VOL. XLVII

No 36

6-September-2004

IRAN

NIOC Announces Three Developments In Battle To Expand Capacity Beyond Reservoir Decline

The National Iranian Oil Company (NIOC) has begun work on three field developments as part of its ongoing program to expand oil and gas production capacity while compensating for natural decline in its ageing reservoirs. Petroleum Minister Bijan Zanganeh told theFars news agency on 23 August that reservoir depletion and natural declines reduced...