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Iranian MP warns over transferring offshore projects to UAE

Business Materials 13 April 2014 10:44 (UTC +04:00)

Baku, Azerbaijan, Apr.13
By Fatih Karimov - Trend:

An Iranian MP has warned over transferring offshore projects, which are underway by Iran Marine Industrial Company, known as SADRA, to the UAE.

Abdolkarim Jomeiri said that a group of workers at SADRA have sent a letter to Bushehr province officials, protesting at the decision while the company is facing shortage of both financial and human resources, Iran's Tasnim news agency reported on April 13.

Offshore projects which were carrying out by SADRA at the South Pars gas field phases 13, 17, and 18, have been transferred to the UAE to be continued.

Some 10,000 persons were working on the projects directly or indirectly, the MP said.

SADRA was founded in 1968 as a small ship repair yard in Iran's southern Bushehr port city.

Since then, SADRA has established itself as the leading shipbuilding and ship-repairing company in Iran. The company is also active in offshore oil & gas development. SADRA specializes in building ships, docks and floating oil rigs.

Along with other industrial subsidiaries of Iran's Revolutionary Guard Corps, engineering wing the Khatam al-Anbiya group, SADRA was awarded a $5-billion contract in 2010 to develop Phase 13 after Western energy majors withdrew over the sanctions.

Iran is currently producing 300 mcm of gas per day from the South Pars.

The South Pars gas field covers an area of 9,700 square kilometers, 3,700 square kilometers of which are in Iran's territorial waters in the Persian Gulf.

The remaining 6,000 square kilometers, i.e. North Dome, are in Qatar's territorial waters.

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