Increasing Iranian Yemeni cooperation [Archives:2002/29/Business & Economy]

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July 15 2002

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YEMEN TIMES STAFF
Last week signaled a major milestone in the growing Yemeni-Iranian relations as Iranian company Nasir Bonyad Ind. & Const. Co. (NICC) completed the first phase (section A) of the project of upgrading the oil terminal at Hodeidah port.
The section A (first section of work) of the project has been successfully handed over in an inauguration ceremony attended by authorities of Yemen Petroleum Company (YPC) and GIBB Ltd. of the UK. The phase was completed by NICC by employing the sophisticated technology and using the world’s best material. The project is of E.P.C. type (engineering, procurement and construction) with the challenging scope of work.
The project consists of the engineering design, procurement and installation of a submarine, above ground and underground pipelines of 14″, 10″, 8″ and 4″ diameters, fabrication of two new tanks of 15,000 cubic meters fuel storage capacity, construction of control rooms, pump station, complete fire-fighting system, electrical and instrumentation installation, installation of moorings and repair of old and new jetties and installation of accessories etc. The completion of all above items will enable the YPC to accept ships of size 35,000 DWI to berth and off load the fuel.
It is worth mentioning that the Iranian government had sponsored and provided funding and equipment for the various sections of the Sanaa-based Great Library.
This comes in harmony and consistence with the strategy of the two countries, Yemen and Iran, to promote their relations on all levels, especially as Iranian President Mohamed Khatemi will be visiting Yemen in September to join Yemen’s celebrations on the 40th anniversary of the 26 September revolution.


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