BAKU, Azerbaijan, January 15. A contract worth 38 trillion rials (about $905 million) was signed between the National Iranian South Oil Company (NISOC) and Ahvaz Pipe Mills for the manufacturing of pipes needed for the Ahvaz-Goureh oil pipeline, Trend reports.
According to the contract, the 24-inch pipeline will be manufactured at the expense of local raw materials.
The length of the distance between Ahvaz and Goureh in Iran is more than 800 kilometers.
It is expected that Iran's crude oil export potential will increase with the launch of the Ahvaz-Goureh pipeline.
Ahvaz Pipe Mills has the capacity to produce 790,000 tons of different kinds of steel pipes and 4 million square meters of pipe lining per year.
The National Iranian South Oil Company, a subordinate of the National Iranian Oil Company, operates 45 large and small hydrocarbon deposits in an area of 400,000 square kilometers from Iran's Bushehr Province to the north of Khuzestan Province.
The company extracts about 80 percent of Iran's crude oil and 16 percent of its gas.
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