Netherlands ready to participate in Iran-Oman gas pipeline
Baku, Azerbaijan, June 7
By Fatih Karimov - Trend:
An offshore engineering company from Netherlands has expressed interest to participate in construction of a seabed pipeline for supplying Iran's gas to Oman.
The Dutch Intecsea company has officially submitted a proposal to participate in the project, Mohammad Akbarzadeh, the project's manager said, Mehr news agency reported June 5.
The company has earlier undertaken construction of some offshore pipelines in Iran's South Pars gas field, he said, adding Intecsea can cooperate with Iran by providing special engineering and technical services and studies.
The studies on the project have been completed by 22 percent, Akbarzadeh added.
Earlier, South Korea's state-run Korea Gas Corp (KOGAS) and National Iranian Gas Company (NIGC) signed a memorandum of understanding (MoU) on constructing three major gas pipelines in the Islamic Republic including the Iran-Oman gas pipeline which experts say requires at least $1.5 billion-investment.
Based on an agreement signed between Tehran and Muscat in 2013, Iran will export 28 million cubic meters of gas to Oman per day via a sub-sea pipeline within 15 years.
Last September, after bilateral negotiations in Tehran, it was announced that the project will be operational by late 2017.