Middle East Economic Survey

VOL. LIII

No 44

1-Nov-2010

IRAN

Venezuela To Develop South Pars Phase 12

Hamad Akbari, Pars Oil and Gas Companys (POGC) project manager for the development of South Pars Phase 12, told Shana that Venezuelas state-owned Petroleos de Venezuela (PDVSA) and NIOC signed an initial agreement last week that calls for the participation of the Venezuelan company as a partner in the development of the field. During the recent visit of a Venezuelan delegation to Iran, the...