Middle East Economic Survey

VOL. LIII

No 16

19-April-2010

IRAN

NIOC Claims Investment Increase To $12.5Bn In Previous Iranian Year

National Iranian Oil Company (NIOC) Managing Director Seifollah Jashnsaz told a press conference in Tehran on 13 April that more than $12.5bn was invested during the previous Iranian year (21 March 2009 20 March 2010) in the countrys oil and gas industry. Although he did not specify the contribution of foreign direct investment (FDI), he said the bulk of the...