SP pressure boost project contracts worth $17b to be signed
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۱۵۹۲۰۱۶
Engineering and Development Manager of the National Iranian Oil Company (NIOC) has said that seven executive contracts for the South Pars (SP) pressure boost project, valued at $17 billion, are ready to be signed soon.
This follows the completion of preliminary studies and the signing of initial agreements with four main contractors last year, worth up to $400 million, Reza Dehqan added.
Dehghan, speaking at a press conference Sunday, emphasized that the South Pars gas field, the world’s largest, supplies 70% of Iran’s domestic, industrial, and power plant gas consumption, as well as over 40% of the country’s gasoline needs.