Middle East Economic Survey
VOL. LIV
No 49
5-Dec-2011
CASPIAN
US Sanctions On NIOC Could Impact Shah Deniz 2 Financing
The latest round of US sanctions that limit the size of foreign direct investment (FDI) into Irans energy industry to less than $5mn per project or $1mn/year (MEES, 28 November) could impact the ability of the Shah Deniz gas field consortium to finance the $20bn phase two development project. This is because of the participation in the consortium of National Iranian Oil...
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