Digest

Iran invites investors in Caspian pipeline

24 July 2009, 11:11

(Kazan, July 24, Tatar-inform). The Iranian Government has invited Russian and other international companies to submit bids for the construction of an oil pipeline from the Caspian Sea to the Gulf of Oman, according to Pipelines International.

Iranian Deputy Oil Minister Noureddin Shahnazizadeh told a delegation in Moscow that his country has concluded initial studies for the $US2 billion pipeline, and would move forward with the contract phase soon.

National Iranian Oil Co spokesman Bahan Sorooshi, said part of the five-year development plan may include Gazprom and Tatneft, the sixth-largest oil and gas company in Russia, as potential investors as Tehran looks to Moscow as an energy partner.