Middle East Economic Survey

VOL. XLVIII

No 1

3-January-2005

IRAN

POSCO Lined Up For $600Mn Deal To Build Two BOO Power Plants

South Koreas POSCO Engineering and Construction has signed a memorandum of understanding (MOU) to build two power plants in Iran worth a combined $600mn, according to the PIN news service of the National Iranian Oil Company (NIOC) on 21 December. The MOU was signed between POSCO and South Koreas Air Window, which is negotiating with Irans Industrial Development and...