Mines & Industry Ministry subsidiary Industrial Development & Renovation Organisation (IDRO) has taken a 50 per cent stake in the consortium developing South Pars 17-18. Akbar Torkan, managing director of Pars Oil & Gas Company (POGC), which is the project client, told an Oil Ministry news network in early February that IDRO would replace Oil Industries Engineering Company (OIEC) in the project, for which an engineering, procurement and construction (EPC) tender is expected this year (MEED 20:1:06).
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