Iran: Oil ministry tries to secure control of industry

Issue 945 - 26 Apr 2013 | 2 minute read

Iran’s oil ministry has announced it is issuing 29 new licences for the exploration and development of gas and oil fields, in a move apparently designed to wrest control of the industry away from the National Iranian Oil Company (NIOC). With an undecided election just around the corner, the establishment is keen to strengthen its grip on an industry which has historically been used by interest groups seeking political power. 

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