Ownership
The pipeline is proposed as a Build-Own-Operate project. According to the National Iranian Gas Export Company (NIGEC) two Iranian and two foreign companies were bidding for the contract awarded to one Iranian company or consortium and one foreign company. It is possible that Iran and Turkey will set up a joint company for the building of a pipeline in Iran to the Turkish border, and another joint company on the construction of a gas pipeline in Turkey from Iran's border to the Greek border. It is also alleged that Iran is relying on financial involvement from China. China is reportedly to consider $42.8 billion dollars for investment in Iranian refineries and pipelines.
Iranian Oil Minister Masoud Mir Kazemi confirmed in July 2010 that NIGEC and Turkey's Som Petrol signed a contract to build a pipeline that will cross Turkey.
Read more about this topic: Persian Pipeline
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