Referring to the company’s foreign activities, Hosseini said that Sadra has participated in several international calls for tender in India and Qatar, and negotiations for a number of sea projects with Venezuela and a couple of North African countries are underway.
He also considered buyback contracts the most suited ones for Iran’s oil Industry, particularly in upstream sector, adding, “Unlike financing which is only a way to meet the investment required, buyback allows one to choose partners who possess high technology and technical know-how in the field with no delay involved,” he stipulated.
The ships are ordered by north German-based Rickmers Shipping Lines and have a cargo capacity of 25,000 tons each. They would be used for freight transport from Europe to other destinations worldwide.
ML/MA
END
MNA