VOL. XXXV

NO. 8

25-NOVEMBER-1991

Iran

Iran Cancels $176mn Contract with Technip

Iran last month canceled a contract worth FF1bn ($176mn) which it signed lastApril with the French group Technip for the renovation and reconstruction of theNF1 natural gas fractionating unit at the Bandar Imam Khomeini petrochemicalplant. The contract also covered the extraction of 60,000 b/d of LPG and thereconstruction of all general facilities in the complex. Technip had brought inits Italian subsidiary TPL as...