Middle East Economic Survey

VOL. LIV

No 44

31-Oct-2011

IRAN

Iran Sets Overambitious Target For Caspian/Gulf Swaps

The Director of NIOCs International Relations Department, Mohsen Qamsari, announced that Iran has managed to swap, since the end of August, around 20,000 b/d of Caspian oil, primarily from Turkmenistan, with an analogous volume of its own crude oil exported via the Gulf. The NIOC official told IRNA that Iran intends to more than triple the swapped volumes to reach 70,000 b/d by...