Middle East Economic Survey

VOL. LIII

No 36

6-Sep-2010

IRAN

IOOC Prioritizes Development Of Joint Fields

Mahmoud Zirakchianzadeh, Managing Director of the Iranian Offshore Oil Company (IOOC), told Mehr News Agency on 29 August that the company will focus its strategy over the next two-three years on the development of offshore oil fields that extend into the territories of three Gulf neighbors. He said the projects were expected to add a combined 30,000 b/d to the companys oil production capacity....