IRAN: Jihad Nasr Institute to form joint consortium on oil, gas

Jihad Nasr Institute will establish a joint consortium comprised of domestic and foreign companies on oil and gas infrastructures in the near future.

Managing Director of Iran Jihad Nasr Institute Yadollah Shamayeli told IRNA that at the first stage, some Iranian companies active in oil and gas construction projects would cooperate with Jihad Nasr in this respect.

He said that formation of the consortium in the presence of Jihad Nasr, other Iranian and foreign oil and gas firms, and investment companies and the specialized consultancy firms are on top of the agenda. Such companies have to improve their capacities via participation in big projects and investments and applying new mechanisms, he added. Establishing the joint domestic and foreign consortium in oil and gas fields will develop their capability to compete giant international companies in this respect, he noted.

Iran Jihad Nasr Institute is participating in construction and establishment of oil and gas pipelines and implementing almost 300 infrastructure projects in the country, he said.

Some 25 companies are active under the supervision of Iran Jihad Nasr Institute which have directly created 15,000 jobs.