Iranian company to procure 60 percent of goods for 4 oil projects

Oil&Gas Materials 9 May 2015 22:27 (UTC +04:00)

Tehran, Iran, May 9

By Temking Jafarov - Mehdi Sepahvand - Trend:

The Iranian company Petro Karan Shafagh Kish is given the job of procuring goods for four petrocemical projects of Firouzabad, Darab, Jahrom, and Fasa.

Over 60 percent of each of the projects' procurement is assigned to the company, Sales Manager Abavi Sani told Trend on May 7 on the sidelines of the Iran Oil Show 2015 in Tehran.

If you take each project at about $400 million, the total amount of trade the company is doing on these projects will reach $1 billion, according to the official.

He said that Petro Karan Shafagh Kish is waiting for international sanctions on Iran to be lifted so that the company would step forward for more business.

The sanctions are to be removed through a prospective nucear deal between Iran and world powers which is to be reached by June 30.

He added that the comopany's trade so far has surpassed $5 billion.

The company has cooperated on phases 13, 15, 16, 22, and 24 of the South Pars, he further stated.

Edited by CN