Tehran, Aug 28, IRNA -- The first phase of a 156-km-long oil pipeline
project in India by the Iranian Offshore Engineering and Construction
Company (IOEC) is expected to go on stream next year after some 25
weeks of groundbreaking construction operations.
The English-language daily 'Tehran Times` quoted IOEC board
member Ahmad Azimi as saying that with the pipe procurement problem
meeting the standards set forth by the Indian party, the project's
physical progress would be accelerated.
Referring to the current state of construction work on the
project, Azimi noted that the engineering work has been done and
all contracts for the construction work have been signed.
He added that the first phase of the 165 million-dollar project
will be completed in 2005 while the second phase will go on stream in
2006.
The project is the largest overseas an Iranian company has ever
undertaken to date.
Pointing to the dlr 20 million Qatar project, he said the IOEC is
to start the undersea pipe-laying project within a month.
The company has already completed the engineering and procurement
works on this multimillion-dollar EPC project.