Middle East Economic Survey

VOL. XLVII

No 48

29-November-2004

IRAN

Repsol Estimates Persian LNG Investment At $4Bn

Total investment in the proposed Persian LNG export project is expected to be around $4bn, according to Miguel Angel Remon, Repsols Vice-President for Exploration and Production. Repsol and partner Shell recently signed a project framework agreement with the National Iranian Oil Company (NIOC) to build the Persian LNG plant, which NIOC aims to bring into production in 2010. Equity is...