Middle East Economic Survey

VOL. LIII

No 27

5-Jul-2010

IRAN

Azar Negotiations Nearing Completion, Says NIOC

Negotiations for the development of the Azar oil field in Iran are nearing completion, according to Bahman Soroshi, the oil and gas production director at the National Iranian Oil Company (NIOC). He told the petroleum ministrys Shana website on 28 June that the consortium that will develop the field, which is estimated to contain 400mn barrels of oil and expected to produce 50,000-65,000 b/d...