No. 22



NIOC, Reliance And Petronas Sign MOU For Iranian LNG Export Joint Venture

The National Iranian Oil Company (NIOC) has signed a memorandum of understanding with Indian refiner Reliance and Malaysian state petroleum firm Petronas for the establishment of a joint venture to build an LNG export project in Iran, according to press reports emerging on 18 May. The reports stated that during the week beginning 8 May the companies agreed to work towards a 7.5mn tons/year...