Press Releases - Contracts


Paris, December 2, 2003

Coming into force of the contract for the Kharg Island Steamcracker in Iran

The contract signed by Technip on March 2003, for the design and construction of a 500 000 ton-a-year steamcracker on Kharg Island in Iran, has come into force.

Under the terms of this contract valued at approximately 173 million euros, Technip will provide, to National Petrochemical Company of Iran (NPC), its in-house ethylene technology together with its proprietary furnaces as well as basic and detail engineering, equipment and supervision of construction and commissioning of the steamcracker.

These services will be mostly managed from Technip’s offices in Paris and The Hague in liaison with its Iranian engineering partner Nargan based in Tehran.

The delivery of the last equipment item will take place 27 months after the coming into force of the contract.

This new project reinforces Technip’s position as a world leader in large capacity steamcrackers and associated technologies, following the awards by NPC of two contracts for the steamcrackers of the 9th and 10th Complex in Asaluyeh, with respective capacity of one million tons/year and 1.4 millions tons/year (the largest ethylene plant worldwide).

 

With a workforce of about 19,000 persons, Technip ranks among the top five corporations in the field of oil, gas and petrochemical engineering, construction and services. Headquartered in Paris, the Group is listed in New York and Paris. The Group’s main engineering and business centers are located in France, Italy, Germany, the UK, Norway, Finland, the Netherlands, the United States, Brazil, Abu-Dhabi, China, India, Malaysia and Australia. The Group has high-quality industrial and construction facilities in France, Brazil, the UK, the USA, and Finland as well as a world-class fleet of offshore construction vessels.

 

Technip Press Relations

Sylvie Hallemans: Tel. +33 (0) 1 47 78 34 85 Fax: +33 (0) 1 47 78 24 33 shallemans@technip-coflexip.com

 

Technip Investor and Analyst Relations

Christopher Welton: Tel. +33 (0) 1 55 91 88 27 Fax: +33 (0) 1 55 91 87 11 cwelton@technip-coflexip.com

David-Alexandre Guez: Tel. +33 (0) 1 47 78 27 85 Fax: +33 (0) 1 55 91 87 11 daguez@technip-coflexip.com

 

Technip trades under the symbol TKP on the NYSE and under the ISIN FR0000131708 on the Euronext.