Iran to invest USD11b to complete three pipelines


(MENAFN) The government plans to spend USD11 billion to complete the construction of the sixth, ninth and 11th national pipelines, Iran Daily reported.

The project will be applied under the plan of launching the remaining phases of South Pars Gas Field in Bushehr province, which were at once approved by the Economic Council, local media reported.

However, to a credit line costs more than USD29 billion invested to execute the integrated SP plan, the National Iranian Oil Company plans to dedicate USD6b worth of credits to cover costs.


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