Middle East Economic Survey

VOL. XLVII

No 45

8-November-2004

CASPIAN

Saipem Wins Kashagan $520Mn Pipeline Contract

Italys Saipem has been awarded a $520mn contract for the construction and installation of the offshore pipeline system forming part of the development of the Kashagan oilfield located in the Kazakh sector of the Caspian Sea. The scope of work comprises the engineering, procurement of bulk materials, coating, laying and pre-commissioning of pipelines, fibre optic cables and umbilicals....