Middle East Economic Survey

VOL. LIII

No 15

12-April-2010

IRAN

Three Heavy Oil Fields Lined Up For Development By KIPC-Led Consortium

The director for heavy oil development at the National Iranian Oil Company (NIOC), Bahman Samimi, told the Ministry of Petroleums PIN news serviceon 5 April that a consortium led by Irans Kish International Petroleum Company (KIPC) plans to develop three heavy oil fields in Bushehr province, with financial support from Chinese firms. He said that KIPC had submitted...