Italian SAIPEM Willing to Join Iranian Petrochemical Projects
On the sidelines of Milan’s PLAST 2018, the executives of the Italy’s energy giant, SAIPEM, have voiced the company’s willingness to join the Iranian petrochemical projects. This issue is possibly the continuation of the last year’s MOU signed on the occasion of the visiting of the Iranian President Rouhani from Italy, when SAIPEM website reported that:
SAIPEM SIGNS MOU FOR TOOS GAS FIELD PROJECT IN IRAN
San Donato Milanese (Milan), 12 April 2016 – During the official State visit to Iran of the Italian Prime Minister, Matteo Renzi, Saipem Chief Executive Stefano Cao and Ali Yadghar, Managing Director of Razavi Oil & Gas Development Company, entered into a Memorandum of Understanding (MoU) concerning potential cooperation on a major project in the country.
The MoU envisages discussions aimed at potential cooperation on the Toos Gas Field Development Project, located 100km northeast of Mashhad. The gas field, holding over 60 billion cubic meters of gas in place, has the capacity to produce some 4 million cubic meters of gas per day. The development project encompasses the drilling of 5 firm plus 2 optional wells, and the design and construction of all upstream gas production facilities and those for transportation and processing.
This new agreement follows those signed in January with the National Iranian Gas Company (NIGC) for discussions regarding potential cooperation over pipeline projects, and with Parsian Oil & Gas Development Company regarding the revamping and upgrading of the Pars Shiraz and Tabriz refineries, and is set to further cement Saipem’s long-standing historical relationship with Iran.
Saipem is one of the world leaders in drilling services, as well as in the engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore, in the oil & gas market. The company has distinctive competences in operations in harsh environments, remote areas and deepwater. Saipem provides a full range of services with “EPC” and “EPCI” contracts (on a “turn-key” basis) and has distinctive capabilities and unique assets with a high technological content.
And now in Italy
Meeting with the CEO of Iran’s National Petrochemical Company (NPC) on the sidelines of Milan’s PLAST 2018, Saipem officials said they were interested in cooperating with Iranian petrochemical companies against feared re-imposition of US sanctions on Tehran after Washington’s pullout of the Joint Comprehensive Plan of Action (JCPOA), the nuclear deal Iran clinched with the P5+1 group of countries back in 2015.
Cooperation with such petrochemical companies in Iran as Tabriz, Kermanshah and Pars for improved and enhanced production capacity was one of the main issues NPC and Saipem officials discussed during the meeting held in Milan on May 30.
Moreover, cooperation in new development and refinery projects as well as licensing agreements in various petrochemical facilities in Iran were considered during the meeting. The Italian company indicated its willingness and readiness to join the projects in Iran.
Since 1950, Saipem has been regarded as an oil and gas contractor and runs bran offices in over 60 countries.