23 December 2006
TEHRAN: Venezuela has ordered four oil tankers from Iran's giant shipbuilding group, Sadra, reported IRIB News on Saturday.

The 211-million-euro agreement, which is the first euro-denominated contract signed between the two countries, was reached between the Sadra managing director and the deputy oil minister of the Latin American country.

Under the agreement, Sadra has undertaken to deliver the first of the four 104,000-ton oil tankers to Venezuela within 30 months. The group will then deliver one tanker every six months.

Iran has also undertaken to transfer the relevant technology to Venezuela, enabling the country to become self-sufficient in shipbuilding industry in the future.

Iran's embassy in Caracas has said that Venezuelan President Hugo Chavez and President Mahmoud Ahmadinejad of Iran had supported the shipbuilding project.

Iran is said to be among very few countries with shipbuilding technology. Sadra is Iran's largest company participating in oil projects in Venezuela and other Latin American countries after PetroPars.

Earlier this month, Jalil Khobreh, managing director of Iran's Marine Industries Firm (Sadra), said the Islamic Republic of Iran Shipping Lines (IRISL) is in talks with a giant industrial group on the construction of several multipurpose vessels.

"At present, we are constructing three 63,000-ton oil tankers for the National Iranian Oil Tanker Company, three ships for Naft Khazar Company and four ocean liners for a German firm," he said, expressing hope that the company would manage to build the ships on schedule.

The official said Sadra has received an order for building 10 LPG carriers from a European company, stressing that the project will be implemented once the European firm finds the required markets for procuring its LPG needs.

© Iran Daily 2006