Iranian Offshore Engineering and Construction Company (IOEC) has failed to recover a 60-billion rials (some $2.1 million based on the exchange rate of USD at the free market) cargo of pipeline drowned in the Persian Gulf over a year ago, Iran’s PANA News Agency reported on Jan.22.
The managing director of IOEC, Ali Taheri, had promised that the cargo would be recovered in two or three weeks.
Given the fact that the pipelines have been drowned for over a year, Experts believe that they can’t be used in the oil and gas industry anymore and in the best case scenario they can be used to transfer water.
An Iranian barge which was shipping pipelines toward the South Pars gas field in the Persian Gulf hit a storm in November 2012 and its cargo was drowned.
The 12,000-ton barge was sailing from southwestern Khorramshahr port to the South Pars gas field. The pipes were to be installed in phase 19 of the South pars gas field.
None of the barge’s crew was hurt in the incident.
The South Pars gas field is shared by Iran and Qatar.
The Iranian share, which is divided into 29 phases, has about 14 trillion cubic meters of gas, or about eight percent of the total world reserves, and more than 18 billion barrels of liquefied natural gas resources.
Edited by C.N. ___