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Company's South Pars field projects total $3 bln

Iran Materials 18 April 2012 18:06 (UTC +04:00)

Azerbaijan, Baku, April 18/Trend M. Moezzi

The Iran Marine Industrial Company (SADRA) has about $3.1 billion (USD) in projects
under way in Iran's joint South Pars oil and gas field, Mehr news agency reports.

The company is currently designing, building and installing 10 sea oil platforms, said Mehdi Etesam, its managing director. SADRA is laying 500 kilometers of gas pipelines for South Pars phases 13, 17, 18 and 22 to 24 while working on 50,000 tons of marine structures for these six phases on SADRA Island.

As for monies owed to the company by the government, Etesam said Iran's Oil Minister Rostam Ghasemi has ordered that SADRA be paid with funds from oil revenues.

SADRA is owned by the Iran Revolutionary Guard Corps' (IRGC) Khatam al-Anbiya Construction Headquarters.

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