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Iran seeks foreign investors for gas for 8 billion dollars |
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Wednesday, 01 October 2008 |
Iran may allow international companies to build and operate a pipeline for 8 billion dollars to increase export volume to Europe, reported Dow Jones.
Pipeline will bind the southern part of Iran to Turkey and European markets, said the National Iranian Gas Company.
Four companies, two from Iran and one from Europe and Asia now apply for the contract for construction of tube length 1800 km. The project should be completed by 2014 and will be constructed on a built-acquisition-operation "(Build-Own-Operate).
This agreement entitles the company to finance, design, build, owns, operates and maintains the project, says the publication.
"Two Iranian companies are ready to implement the project on" Build-operate-acquisition, together with two foreign companies, say from the gas company, indicating that the practice should be allowed a foreign company owns and operates a pipeline in the country is new.
The contract will be concluded with one Iranian and one foreign company, the two local companies could form a consortium with an international.
The new draft - IGAT-9 is part of the planned project Persian Pipeline, which provides transportation of gas from southern Iran to Turkey and then to Italy, Austria and Switzerland.
Furthermore, Iran could be incorporated in Nabuko pipeline that will transport 31 billion cubic meters of gas from the Caspian region, the Middle East and Egypt to Europe through Turkey, Bulgaria, Hungary, Romania and Austria.
Negotiations to include Iran in the project are still running. However, any Iranian involvement could meet hard resistance from the U.S., which aim to limit international business contacts with Tehran, says the publication. |
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