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Saudi Aramco pre-qualifies Iranian company

Aug. 25, 2009 at 11:32 AM

TEHRAN, Aug. 25 (UPI) -- Tehran announced its offshore engineering and construction company was pre-qualified for work with Saudi Aramco, the largest oil corporation in the world.

The Iranian Offshore Engineering and Construction Co. announced it was pre-qualified to work with the state-owned national oil company of Saudi Arabia.

It would become the first Iranian company to develop offshore oil projects in Saudi Arabia if it can reach agreements with Saudi Aramco, the semiofficial Mehr news agency reports.

IOEC is the first general contractor for oil and gas industries in Iran, working on pipeline infrastructure and offshore construction.

Apart from Aramco, companies in Kuwait, Bahrain and Oman have confirmed their qualification of IOEC, said Masoud Soltanpour, managing director at IOEC.

IOEC operates domestically in the South Pars gas field as well as in India, Nigeria and Turkmenistan.

Tehran is keen to tout its international energy deals as it copes with punitive economic sanctions imposed for its controversial nuclear program.

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