14 Turkish companies bid for Turkey-Iran pipeline

Mar 12, 1997 01:00 AM

Mar. 1, 1997 Turkey's state-owned pipeline company has received 14 bids from Turkish companies for construction by 1998 of the Turkish part of a pipeline for Iranian natural gas.The lowest bid, worth $ 117 mm, was made by Istanbul-based construction company STFA. But the government may name another company as winner. The pipeline will stretch from the Iranian border to the Turkish city of Erzurum, some 260 km (162 miles) to the west. The construction work is scheduled to begin in April.Iran will build an 276 km(172 ml)-long pipeline from its western city of Tabriz to the Turkish border.Under the agreement signed in August, Turkey will buy 3 bncm (100 bncf) of natural gas from Iran at the beginning of the 1998. The amount will be increased to 10 billion cubic meters (333 bncf) in 2005.

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