Middle East Economic Survey

VOL. LIV

No 10

7-Mar-2011

IRAN

IRGC Company Wins Two Pipeline Contracts

Khatam al-Anbia, the construction company controlled by Irans Islamic Revolutionary Guard Corps (IRGC), has been awarded pipeline contracts worth a combined $2.6bn, Mehr News Agency announced on 26 February. The downstream unit of the National Iranian Oil Company (NIOC) awarded Khatam al-Anbia a $1.3bn contract to build two pipelines, totaling 1,100km in length, to carry crude oil from...