Middle East Economic Survey

VOL. XLVII

No 45

8-November-2004

IRAN

NIOC Signs MOUs With China And India For Upstream/LNG And Refinery Deals

The National Iranian Oil Company (NIOC) has signed memorandums of understanding (MOUs) with Chinese and Indian companies for upstream development projects tied to LNG purchases, or investment and construction of a gas condensate refinery. An upstream/LNG agreement between NIOC and Sinopec, signed on 29 October during the visit of an Iranian government delegation...