Middle East Economic Survey


No 51



NIOC Raises Darquain Output By 60,000 B/D

National Iranian Oil Company (NIOC) Managing Director Ahmad Qalebani told reporters on 10 December that the company had completed Phase 2 of the development of Darquain oil field, increasing output by 60,000 b/d despite the exit of Italys Eni from the project. Mr Qalebani said that NIOC was now looking to raise production by a further 40,000 b/d. Eni completed the first phase of Darquain in...