Manufacturing Industry
IRAN: CONSTRUCTION CONTRACT AWARD FOR PLANNED $1,000,000,000 GAS FIELD ONSHORE FACILITIES IS SAID TO BE IMMINENT, HYUNDAI ENGINEERING & CONSTRUCTION CO. [SOUTH KOREA] - Order #: 034799.
WWP- Report on Oil Gas & Petrochemicals in the Developing World, March, 1999
PROJECT OVERVIEW: France-based TOTAL, which is acting as lead-partner in the ongoing $2,000,000,000 development of the offshore South Pars gas field in Iran recently awarded a construction contract to HYUNDAI ENGINEERING & CONSTRUCTION CO. of South Korea. According to the terms of the award, HYUNDAI will be responsible for building onshore facilities.
These will reportedly comprise a slug catcher and gas treatment facility incorporating 2 trains. Although a HYUNDAI spokesman has stated that the value of the contract was worth $1,000,000,000 TOTAL, on the other hand, suggested that it was significantly less. As things currently stand, the Korean company has been shortlisted for the project. However, the contract must still be approved by the NATIONAL IRANIAN...
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