Energy
0

Total Floats Iran's South Pars Tenders Worth $860m

Total Floats  SP Phase  11 Tenders Worth $860mTotal Floats  SP Phase  11 Tenders Worth $860m

The French oil and gas giant Total, as the main contractor for the development of South Pars Phase 11, has held tenders worth $860 million since last summer, the director of Pars Oil and Gas Company said. "The winners, most of which are Iranian contractors, will be announced in the near future," Mohammad Meshkinfam was also quoted as saying by Shana on Tuesday.  According to the official, the construction of jackets, topsides, subsea pipelines and the platforms were put out to tender. Stressing that procedures for implementing the development contract of Phase 11 are moving as scheduled, Meshkinfam noted that Total is currently involved with the final scrutiny of tender packages and the final list will be announced soon.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com