UANI

Subsidiary company Tecnimont KT was hired as a contractor by the National Iranian Oil Refining and Distribution Company to expand their Arak refinery, the largest in the Middle East. The expansion allowed the refinery's capacity to increase to 100,000 barrels per day. Iran Branch Office (Company Website)

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Firm/country: Tecnimont/Italy;

Firm activity: Engineering, procurement, and construction contractor

for a LDPE plant in Sanandaj that will produce 300,000 metric tons per year;

Status: Startup was scheduled for 2008;

Commercial activity: Not reported;

Firm comment: Contacted on February 18, 2010; no response as of March 22, 2010.

"Maire Tecnimont S.p.A. has received a Letter of Intent from Petropars Ltd. (“PPL”), a company owned by Naftiran Intertrade Company (“NICO”) which is a subsidiary of National Iranian Oil Company (“NIOC”), for the realization of Onshore EPC Package No.3 (“EPC3”), part of an integrated Gas Treatment Plant in Tombak (Iran).

The project “South Pars Gas Field Development Phase 12” of the South Pars Gas Field, which is on the border with Qatar and considered the largest gas deposit in the world, foresees the realization of a Gas Treatment Plant of 3 billion standard cubic feet per day (SCFD) capacity and includes Liquid Processing (EPC2), Gas Processing (EPC3) and Off- Site Facilities.

The Onshore EPC3 package will be executed by a Consortium formed by Tecnimont S.p.A. and the Iranian companies Nargan, Dorriz and Gamma. The EPC3 cost is estimated to be approximately €1.3 billion, while Tecnimont’s scope of work will include overall project management, engineering, procurement services and construction assistance for a total amount exceeding €200 million.  The Contract is expected to be signed in July 2009 and its completion is expected end of 2012." (Company Press Release, 6/9/2009)