Iran asks for help over sunken gas rig
Iran has called for foreign help to recover a $40 million gas platform from the Gulf seabed, its Mehr news agency reported, in a rare request by an industry isolated by sanctions.
The South Pars project to develop Iran’s part of the world’s largest gasfield has been hampered by a withdrawal of international energy companies, under pressure from US and European governments, and difficulties in acquiring technology due to sanctions on trade, said a report in Trade Arabia's sister publication, the Gulf Daily News.
The platform’s huge metal support jacket plunged 80 metres below the surface after a crane broke during installation.
The structure, one of four planned for South Pars, weighs more than 1,000 tonnes, and the companies involved – state-run service company Sadra and a National Iranian Oil Company subsidiary – have asked for foreign companies to help rescue it.
- Egyptian stocks plummet as Yemen confict deepens
- Mission to Mars: UAE plans Arab region's first unmanned probe
- Supervising the stoners: Egyptian tobacco traders call for the legalization of cannabis
- Ethiopia launches $2.8m research survey for Nile basin development
- UAE sweetens flotation regulations to attract more investment