Bids opened for Sirte pipeline

05 July 2002

Prices have been opened for the hotly contested contract to build an oil pipeline for the local Sirte Oil Company(MEED 29:3:02).

Tunisia's Petroleum & Industrial Realisation Contractors (Pireco)is the lowest of 11 bidders at Eur 115.5 million ($119 million). The next lowest was Italy's Comatat Eur 121.7 million ($125 million), followed by Turkey's STFAat Eur 122 million ($126 million), Egypt's Arab Contractors (Osman Ahmed Osman & Company)at Eur 122.3 million ($126 million), and Germany's MAN GHH, with Italy's Nuovo Pignone, at Eur 130.5 million ($134 million). Prices ranged to Eur 206.9 million ($213 million).

The other bidders in order of price were Russia's Zangas, Italy's Bonatti, Athens-based Joannou & Paraskevaides (J&P - Overseas), China Engineering Petroleum Construction Company, the local Al-Nahr, and Athens-based Consolidated Contractors International Company (CCC).

The scope of works entails the installation of 97 kilometres of 34-inch oil pipeline and 21 kilometres of 24-inch gas pipeline, a fire safety system and compressor station.

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