6857
Tripartite Pipeline Contract
Economy, Business And Markets

Tripartite Pipeline Contract

The National Iranian South Oilfields Company has finalized a tripartite contract with a steel company and an oil pipeline company to build 280 kilometers of pipelines, IRNA quoted an NISOC official as saying on Sunday. Bijan Aalipour, NISOC managing director, said based on the 9.3-trillion-rial contract ($345.3 million at official currency exchange rate) the steel company will produce the steel plates necessary for the pipes, which are of 42 and 48-inch sizes. The NISOC officials say the company, in its new pipeline projects, will make sure that the pipeline will preclude environmental contamination as a result of possible oil leaks. The NISOC has the potential capacity to produce 3.2 million barrels of crude oil per day. It is a subsidiary of the National Iranian Oil Company (NIOC), accounting for 80% of oil production in the southern provinces of Khuzestan, Bushehr, Fars, and Kohgilouyeh-Boyer Ahmad.

 

Short URL : http://goo.gl/zN5Z9d

You can also read ...

German firms, especially those without business links to the US, want to continue their Iran business.
While Germany’s big banks are studiously avoiding Iran-related...
New Rules Allow  Direct Forex Sale
Businesspeople that have validated their purchase orders are...
Iran is the world’s biggest saffron producer and accounts for more than 90% of the global production.
Iran Mercantile Exchange launched saffron futures trading for...
Iran Khodro Expanding Presence in Iraqi Market
Iran’s largest carmaker, Iran Khodro, is set to export 6,000...
Tesla Admits Model 3 Braking Issue, Promises Fix
Tesla Inc’s Chief Executive Officer Elon Musk admitted on...
Uber Plans Taxi-Hailing  in Japan
Uber Technologies plans to launch its first taxi-hailing pilot...
Banking Amendments Approved
The Money and Credit Council approved the Central Bank of Iran...
Prices have been jacked up by car dealers and some makers by 6-22% only in the past few weeks.
Authorities are set to ratify new car prices for models...

Trending

Googleplus