IRAN

Iran Plans 2mn b/d Pipeline to Bypass Strait of Hormuz 

Pipe suppliers from Japan, West Germany and Italy are currently competing for the award of a $300mn contract to provide pipe for a major new oil export pipeline network in Iran designed to bypass the Strait of Hormuz. Bidders for the contract for the supply of pipe for the project, which is expected to be awarded by mid-November, include a Japanese consortium, West Germany's Thyssen/Mannesmann, and Saipem/Finsider of...