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NSQ - QESHM ISLAND'S LARGEST FOREIGN INVESTMENT REVIEWED
Info-Prod Research (Middle East), December, 2005
According to "Tehran Times", being the largest foreign investment oil project in the region, Naft Sazeh Qeshm could mark a turning point in the economy of this Persian Gulf Island. In a unique example of international co-operation, Naft Sazeh Qeshm (NSQ) has joined with National Petroleum Construction Company (NPCC), a company which has ADNOC (Abu Dhabi National Oil Company) as a major shareholder, in a joint venture to establish a brand new construction yard on Qeshm Island.
The NSQ yard has been established to build offshore facilities for the booming oil and gas industry. Also, Shell Oil Company has been responsible for setting the standards and guidelines at the yard. This alliance has led to the NSQ yard being awarded a contract to build offshore facilities for the...
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