Middle East Economic Survey

VOL. LIII

No 52

27-Dec-2010

IRAN

Irans Oil Crisis Grows

As the West turns the sanctions screw on Irans oil industry Schlumberger is the latest firm to leave Tehran continues to use Chinese companies, which lacking experience and technology struggle to stabilize production capacity. Irans toughening of commercial terms continues to deter international oil companies (IOCs) Totals chief says instead of improving terms for investors, Iran is becoming more...