Middle East Economic Survey


No 10



Russia And Iran Nearing Deal On Azar Development

The National Iranian Oil Company (NIOC) is in the final stages of negotiating a development agreement for the Azar oil field with a consortium of domestic and foreign firms, including Gazprom, according to Bahman Soroushi, NIOC Director of Oil and Gas Production. Mr Soroushi told the Ministry of Petroleums PIN news service on 1 March that contractual details on the development of this oil...