Middle East Economic Survey
VOL. LIII
No 28
12-Jul-2010
IRAN
NIOC Annuls Contract With Koreas GS
The National Oil Company (NIOC) has annulled a $1.2bn gas field development contract with a Korean firm, Mehr News Agency reported on 2 July. GS Engineering & Construction was said not to have carried out its duties under an agreement signed in October 2009 with NIOC subsidiary Pars Oil and Gas Company (POGC). This was for the installation of a processing plant to remove sulfur from gas to be...
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