Middle East Economic Survey

VOL. XLVII

No 42

18-October-2004

IRAN

NIDC Reports Increased Drilling Levels

The National Iranian Drilling Company (NIDC) subsidiary of the National Iranian Oil Company (NIOC) has reported increased drilling levels. NIOCs PIN news service on 4 October quoted NIDC Managing Director Seifollah Jashnsaz as saying that the company had spudded 85 oil and gas wells since the start of the current Iranian year beginning 21 March. He said these comprised 44 development wells, two...