April 23, 2018 18:10

Iranshahr-Chabahar Gas Pipeline Contract Signed

The contract is aimed at supplying gas to industrial units in Sistan-Baluchestan province, including petrochemical plants, steel units and power stations in Chabahar and Konarak, and providing gas to the area’s residents

Laying the 290km gas pipeline needs an investment of €245 million ($300 million) and will be completed by March 2020.

Iran’s recent decline in oil exports is temporary and currently the country’s export of oil and condensates amounts to 2.5 million barrels per day

Iran’s defense and oil ministries signed a contract on Monday for transferring natural gas via pipeline from the city of Iranshahr to Chabahar in Sistan-Baluchestan Province.
According to Shana, Oil Minister Bijan Namdar Zanganeh and Iran’s Defense Minister Amir Hatami were present at the signing ceremony.
The contract is aimed at supplying gas to industrial units in the south of the province, including petrochemical plants, steel units and power stations in Chabahar and Konarak, and providing gas to the area's residents.
In addition, gas export to the neighboring country Oman depends on launching the Iranshahr-Chabahar Pipeline, which will be implemented by an unnamed subsidiary of the Defense Ministry.

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