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...