IOEC handed major Indian oil project & Iran, Guinea review ways to extract bauxite
IOEC handed major Indian oil project
General oil and gas contractor Iranian Offshore Engineering and Construction Company (IOEC) has won the tender for a major Indian off-shore oil project.

Ali Taheri, managing director of the company, said that the consortium of the Indian Essar Offshore Subsea Limited and the IOEC offered a quota of $235 million and managed to get the lowest tender for India's D-1 field development project.

The D-1 field is located about 200 km west of the Indian city of Mumbai in the deep continental shelf at a depth of 85 to 90 meters.

The project, which is scheduled to last for 12 months, includes the installation of three smart well platforms along with three rigid and a flexible pipelines as well as sub-sea cables.

Established in 1993, the IOEC is Iran's first offshore general contractor. It designs, supplies, constructs, and installs sub-sea pipelines along with fixed process platforms.



---Iran, Guinea review ways to extract bauxite

The Iranian and Guinean ministers of mines conferred in a meeting here on Sunday on ways to foster cooperation in bauxite extraction.

Talking to reporters after the meeting, Iran’s Ali-Akbar Mehrabian said his talks with Mahmoud Thiam focused on review of Tehran’s willingness to promote mining cooperation with the African states including Guinea.

Mehrabian said aluminum is a “strategic metal” that Iran is keen to produce it by gaining bauxite from Guinea.

Bauxite is a soft mineral from which aluminum is obtained.