Middle East Economic Survey


No 22



IRGC Expected To Be Awarded $10Bn Worth Of Oil And Gas Contracts

Khatam al-Anbiya, the construction unit of Irans Islamic Revolutionary Guards Corps (IRGC), is likely to replace Turkeys TPAO in the $6bn project to develop South Pars Phases 22-24, Mehr News Agency reported on 24 May. After the Turks were left out of phases 22 to 24 of South Pars, talks with Khatam al-Anbiya are in the final stages to take over these three gas blocks, the...