Technip-Coflexip awarded contract worth 100 million Euros
17 Oct 2002
Pars Petrochemical Company - a wholly owned affiliate of the National Petrochemical Company of Iran - has awarded Technip-Coflexip and its Iranian partner Nargan, an EPC contract for the design and construction of a low density polyethylene plant for the 9th Olefins Complex at Asaluyeh, Iran.
The contract, worth about 100 million Euros to Technip-Coflexip was signed in Teheran yesterday, October 16th.
Within the framework of the project, Technip-Coflexip and Nargan will carry out the basic and detail engineering, procurement of equipment and materials as well as construction, commissioning and start-up for a 300,000-ton-a-year low density polyethylene unit using Stamicarbon technology.
The engineering centre of Technip-Coflexip in Lyon, France, will execute the project in collaboration with Nargan, an Iranian engineering company based in Teheran in which Technip-Coflexip has a 20% stake.
The completion of the works is scheduled for 34 months after the coming into force of the contract.
