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Page added on May 26, 2010

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Iran’s Revolutionary Guards Poised to Win Large Energy Contracts

Production

But the Guards, who have established significant control over Iran’s economy under President Mahmoud Ahmadinejad, insisted in April that they were capable of replacing Western companies in major gas projects.

Khatam-ol Anbiya is also in talks with Iran’s National Gas Company to build a gas pipeline stretching 600 kilometers (375 miles) in northeastern Iran under a $1.3 billion contract, the report said.

In oil, the group is discussing construction of a three-billion dollar oil pipeline stretching 1,600 kilometers (1,000 miles) across Iran linking the Caspian Sea to the Gulf.

In March, it signed an agreement with the National Iranian Oil Refining and Distribution Company to build three oil pipelines for about $850 million.

It has also inked a memorandum of understanding with the National Iranian Oil Company to develop Susangerd oilfield, with estimated reserves of 8.8 billion barrels. The contact is worth $500 million.

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