Middle East Economic Survey
VOL. XLVII
No 50
13-December-2004
IRAN
NIOC Officials Estimate Irans Petroleum Industry Spending At $10Bn Over Next 10 Years
Irans plans to expand the production capacity of its oil, gas and petrochemicals industries over the next 10 years require a total investment of $70bn, according to officials of the National Iranian Oil Company (NIOC). The IRNA news agency quoted NIOC Managing Director Mehdi Mirmoezzi on 7 December as saying that a major portion of this investment...
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