Iranian firm wins tender to export pipe to Turkmenistan – Official

Business Materials 2 June 2018 17:55 (UTC +04:00)

Tehran, Iran, June 2

By Kamyar Eghbalnejad - Trend:

Amir Hossein Kaveh, the head of the Syndicate of Steel Pipe and Profile Manufacturers, said Iran’s Mahshahr Pipe Mill Company (MPM) has won a tender to export pipes to Turkmenistan.

He added that Tehran could start a barter trade with Turkmenistan with respect to the export of pipe to the Central Asian country, Kaveh told the Trend news agency on June 2.

This could help improve our future economic relations with Ashgabat, he added.

In recent months, Iran and Turkmenistan have accelerated efforts to forge closer partnership in various political and economic fields.

Back in March, Iranian President Hassan Rouhani paid an official visit to Ashgabat at the invitation of his Turkmen counterpart Gurbanguly Berdimuhamedow.

During the trip, the two sides signed a number of agreements to enhance the bilateral ties in diverse areas.

Kaveh further said that the second phase of Sadid Industrial Group’s contract will be implemented by Mahshahr Pipe Mill Company.

The value of the second phase of the agreement is expected to stand at $60 million, while the first phase was completed successfully with $200 million.

He also said that the Sadid holding is responsible for constructing 40 percent of Goreh-Jask pipeline and that the plan is going ahead smoothly.

The Iranian oil Ministry is laying 1,000 kilometers of oil pipeline from Goreh village located in the city of Genaveh in Bushehr Province to the port of Jask to transform Jask into a major oil terminal, which is aimed at easing and speeding up Iran's oil loading and shipment operations.