Project: Phases 6, 7 & 8, South Pars Gas Field Development, Assaluyeh, Bushehr Province, Iran
Client(s): Joint Venture of TEC/JGC/IDRO/DIC
TEC (Toyo Engineering Corporation): is a Japanese engineering, procurement and construction company serving mainly the hydrocarbons (oil and natural gas) and petrochemical sectors worldwide.
It was established in 1961. Its various business include R&D collaboration, design, engineering, equipment procurement, construction, test operations and technical guidance in such areas as general chemicals, petrochemicals, oil refinement, natural gas, electric power, nuclear power, advanced production systems, distribution, medical facilities, biotechnology, environment at each manufacturing plant, procurement, development and sales of systems engineering and other software.
Most of its revenue comes from outside Japan; it has a particular presence in China, India, Indonesia, Iran and Russia. In the fiscal year ending March 31, 2008, it had sales of 215 billion yen, a net income of 4.45 billion yen, and about a thousand employees; thanks to the late-2000s boom in the energy industry, it has more than two years backlog of orders.
The Toyo Group, or Global Toyo, consists of Toyo together with 27 subsidiaries and 11 affiliates, with a total of 5500 employees; the central portion comprises about 3300 employees.
IDRO: The Industrial Development & Renovation Organization of Iran (IDRO) known as IDRO Group was established in 1967 in Iran. IDRO Group is one of the largest companies in Iran. It is also one of the largest conglomerates in Asia. IDRO’s objective is to develop Iran’s industry sector and to accelerate the industrialization process of the country and to export Iranian products worldwide. Today, IDRO owns 117 subsidiaries and affiliated companies both domestically as well as internationally.
In the course of its 40 years of activity, IDRO has gradually become a major shareholder of some key industries in Iran. In recent years and in accordance with the country’s privatization policy, IDRO has made great efforts to privatize its affiliated companies. While carrying on its privatization policies and lessening its role as a holding company, IDRO intends to concentrate on its prime missions and to turn into an industrial development agency. IDRO has focused its activities on the following areas in order to materialize such strategy and to expedite the industrial development of Iran:
- Promotion of local and foreign investments with minority holdings owned by IDRO (less than 50% of the shares) with particular emphasis on new, hi-tech and export-oriented industries.
- Restructuring the existing industries through participation of reputable foreign companies in order to transfer new technologies and to enhance the non-oil exports of Iran.
- Development of general contracting activities with the participation of the Iranian private sector and credible foreign companies.
- Rendering consultancy and support services to foreign investors.
- Privatization of the existing subsidiaries.
- Industrial Investment
- Management Development
- Automotive Industry
- Industrial Equipment Machinery
- Marine Industry
- Railway Industry
- Hi-Tech Industries Development
- General Contracting
- Health care
JGC Corporation: formerly Japan Gasoline Co., is a global engineering company headquartered in Yokohama, Japan.
The company was founded on 25 October 1928. In 1976, it changed its original name from Japan Gasoline Co. to JGC Corp. JGC participates in the design and construction of large energy projects, such as Al Zour Refinery, Nigeria LNG, Pearl GTL, Ichthys LNG, Gorgon LNG, Tangguh LNG and Dolphin Gas Project.
The company is listed on the first section of Tokyo Stock Exchange and is a constituent of the TOPIX 100 and Nikkei 225 stock market indices.
DIC (Daelim Industrial Company): Daelim Industrial was established in 1939, and its E&C (Engineering & Construction) and Petrochemical Groups are the main lead of the Daelim Business Conglomerate (Chaebol).
The fields covered by Daelim Industrial as one of the top EPC Company in Asia to the Middle East include gas, petroleum refining, chemical and petrochemical, power and energy plants, building and housing, civil works, and industrial facilities.
Daelim Group is considered one of the top and largest chaebol companies in South Korea.
Daelim Group has 17 subsidiary companies under its umbrella which includes Daelim Industrial (Construction Division), Daelim Industrial (Petrochemical Division), Daelim Corporation which handles trading and import & export of petrochemical products, Daelim Motors which manufactures motorcycles and automobile components, Korea Development Corporation a construction company handling major projects in Korea, Samho Corporation a construction company which also handles major Korean construction projects, Yeochun NCC, KRCC, Polymirae, Daelim Concrete, Daelim I&S, Daelim University, Daelim Contemporary Arts Museum, Ora Resorts & Country Club and GLAD Hotels Chain.