Middle East Economic Survey

VOL. LIII

No 7

15-Feb-2010

IRAN

CNPC To Start South Pars 11 Drilling After Development Deal Concluded

Chinas CNPC has concluded an agreement with the National Iranian Oil Company (NIOC) for the development of Phase 11 of the offshore South Pars field, and is looking to begin appraisal drilling in March, Reuters reported on 10 February. The South Pars 11 development is expected to cost $4.7bn. CNPCs development plan was approved by NIOC in December, after the two firms...