Technip’s design and construction contract signed with the National Petrochemical Company of Iran (NPC) in March has come into force. The deal will establish a 500,000 ton-a-year steam cracker on Kharg Island, Iran.
Under the terms of this contract valued at approximately €173 million, Technip will provide NPC with in-house ethylene technology together with proprietary furnaces as well as basic and detail engineering, equipment and supervision of construction and commissioning of the steam cracker.
These services will be mostly managed from Technip's offices in Paris and the Hague in liaison with its Iranian engineering partner Nargan based in Tehran. The delivery of the last equipment item will take place 27 months after the coming into force of the contract.
Headquartered in Paris, Technip has engineering and business centers in France, Italy, Germany, the UK, Norway, Finland and the United Arab Emirates (UAE). The group has industrial and construction facilities in France, Brazil, the UK, the US, and Finland as well as a fleet of offshore construction vessels. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
