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Iran, Nigeria Talks on Gas Exploration.

Iranian Offshore Engineering and Construction Company (IOEC) and Nigerian National Petroleum Corporation (NNPC) yesterday held negotiations on cooperation in the spheres of offshore and onshore services in the oil and gas industry, as well as in the exploration of Nigeria`s abundance gas. Kaztec Engineering, a subsidiary of Chrome Group, a wholly indigenous oil company, in conjunction with the IOEC, Iran`s first offshore general contractors, was recently awarded Engineering, Procurement and Construction (EPC) contract for the Adanga-Calabar Gas Transmission Pipeline and Metering Station Lot Three, by the Niger Delta Power Holding Company (NDPHC) . The $156million contract, which will entail the supply of gas to the National Integrated Power Project, Calabar Power Station, is scheduled for completion by the first quarter of 2010. NNPC`s Group Executive Director Chris Ogiemwonyi in a meeting with the Iranian Deputy Oil Minister for International Affairs, H. Noghrehkar Shirazi, said that Nigeria plans to have 10 Liquefied Natural Gas (LNG) companies of five million metric tones each, within 10 years. Nigeria currently enjoys 180 tcf of gas currently, he said adding that once the exploration is implemented the figure is hoped to increase to 300 tcf. According to him, in line with that plan, the Federal Government recently released the Gas Master Plan to fully monetize the country`s abundant gas and make the product available for domestic consumption at affordable rate. 2008/08/13

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Publication:Moj News Agency (Tehran, Iran)
Date:Aug 13, 2008
Words:248
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