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...
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