Middle East Economic Survey

VOL. L

No 35

27-August-2007

IRAN

Irans IOEC Awarded South Pars 12 Pipelay, Petropars Says India In Talks For Equity

The Iranian Offshore Engineering and Construction Company (IOEC) has won a $750mn contract to install four pipelines under the South Pars Phase 12 development project, according to Iranian press reports of 19 August. An IOEC official announced that the contract was valued at $753mn, and would involve the laying of three 32in subsea pipelines with 4.5in...