Monday Feb 18, 2019

PetroEnergy Information Network

Saturday / 10/6/2018 12:00:00 AM / 16:46
Service : Gas
News Id : 284990
Reporter : 763

Completion of Pipeline Project ahead of Schedule Saves Iran Rls. 1,700b

(Saturday, October 6, 2018) 16:46

TEHRAN (Shana) -- The CEO of Gas Engineering and Development Company said completion of Sarbisheh-Nehbandan gas pipeline project ahead of schedule saved the country over Rls. 1,700 billion in the pipe purchase sector.

Hassan Montazer Torbati told a Saturday ceremony to officially inaugurate the project in South Khorasan Province in eastern Iran that the project was planned to come on-stream by March 2019, but became operational a few months earlier.

He added that reducing the implementation time of the project had a significant impact on its costs.

The director of the Gas Engineering and Development Company said that nearly Rls. 800 billion was invested in development of the project while the costs could soar to Rls. 2,500 billion given the current prices.

Furthermore, early inauguration of the project before winter, besides creating well-being and comfort by providing gas for the adjacent cities and villages, prevents consumption of liquid fuels which will save the country another Rls. 350 billion, he added.

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