Iranian $40 Million Platform Unit Sinks In Gulf
A $40 million engineering structure belonging to Iran's South Pars gas field, which was to be used in offshore platforms, sank into the Gulf as it was being installed, media said on Wednesday, as reported by AFP.

The equipment was built by Maritime Industrial Company (SADRA), an affiliate of the industrial wing of Iran's Revolutionary Guards, over a 30-month period."

An investigation is under way," SADRA's managing director Mehdi Etesami told the ISNA news agency, without elaborating.

The incident occurred Monday night as the 1,850-tonne jacket developed for South Pars Phase 13 sank to a depth of 80 meters (264 feet), media reports said, adding that there were no reports of any casualties.

As a result its links to the Guards, SADRA is subject to sanctions imposed by the European Union and the United States over the Iranian regime’s nuclear program.
Posted by: tipper 2013-01-31