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Iran lists 21 oil companies for privatization

TEHRAN, June 19 (Mehr News Agency) - An official of the Iran Privatization Organization (IPO) said on Tuesday that the Ministry of Petroleum released the list of its 21 subsidiary companies for privatization.

Talking to MNA, the Legal Deputy of the IPO Seyyed Mehdi Oqadaii added, "Based on the Paragraph A of the list, five affiliates of the National Iranian Oil Company (NIOC) will be privatized by the end of current Iranian year (March 20, 2008).

"Of the given companies, two are affiliated to the National Iranian Oil Refining and Distribution Company (NIORDC)."

The Ministry of Petroleum also listed 9 subsidiaries of the National Petrochemical Company (NPC) and five of the National Iranian Gas Company (NIGC) for privatization, he added.

Iran needs $4b for SP development this year: official

TEHRAN, June 20 (Mehr News Agency) -- South Pars development plans require a 4 billion dollar investment in the current Iranian calendar year (started March 21, 2007) said the managing director of Pars Oil and Gas Co. (POGC) here Tuesday.

POGC is to set up Pars Investment Fund to obtain the budget, added Akbar Torkan.

"Minister of petroleum (Seyyed Kazem Vaziri-Hamaneh) has offered the initiative to President Mahmud Ahmadinejad, waiting for his approval," said the official.

He said negotiations on joint cooperation between Italy's Eni and Iran's Petropars in South Pars will come to an end in two months.

IOEC wins Reshadat pipe-laying tender

TEHRAN, June 19 (Mehr News Agency) -- Iranian Offshore Engineering and Construction Company (IOEC) won a tender here Tuesday for cable- and pipe-laying operations of Reshadat oilfield.

"IOEC won the tender's third package for cable- and pipe-laying of the project," said an IOEC official, adding Tasdid and SADRA companies were in charge of building piles and decks of the oilfield.

Ramin Ashtian, who is in charge of studying the proposals, said the project consists of a 16-inch 106km-long pipeline from Reshadat oilfield to Lavan Island, three 8- to 16-inch 5.5km-long pipelines inside the oilfield and two 12km-long strings of cable.

... Payvand News - 6/20/07 ... --

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