Middle East Economic Survey

VOL. LIV

No 9

28-Feb-2011

IRAN

PetroVietnam Denies Investment In Irans Darquain Oil Field

The deputy director of Vietnamese state oil and gas company PetroVietnam, Nguyen Quoc Thap, last week denied reports in the Iranian media that the company has signed an agreement with the National Iranian Oil Company (NIOC) to invest $ 1.2bn in further development of the Darquain oil field. Mr Thap told the Vietnamese News Agency on 22 February that, while negotiations have...