Middle East Economic Survey
IOOC Revives Plan For Drilling In Arash Shared Offshore Field
Mahmoud Zirakchianzadeh, Managing Director of the Iranian Offshore Oil Company (IOOC), a subsidiary of the National Iranian Oil Company (NIOC), told reporters on 5 December that the company will soon start drilling the first of four offshore wells at the Arash gas field. Arash extends into Kuwaiti and Saudi waters, where it is known as Dorra. Kuwait and Saudi Arabia have...