Comanescu takes 269m dollars from Russians for 150km of Gazprom pipeline

Grup Servicii Petroliere (GDP), a company within the Upetrom petroleum group, controlled by businessman Gabriel Comanescu, has earned a 269 million-dollar (around 178 million-euro) contract to build a 150 km-section of the 164 km-long Olympia section, for Gazprom. GSP will put in motion the bulk of its offshore capacities and the company's fleet. Other participants in the tender included companies in Italy and the United Arab Emirates, according to GSP representatives. The contract was signed on November 19th with Stroygazmontazh, the project's general contractor as a result of an auction. "Dzhubga-Lazrevskoe-Sochi will be built of two parts - an off-shore section and an on-shore one. On the coast between Dzhubga and Lermontovo, the on-shore section will descend into the Black Sea where assembly works will connect the sea section to the gas distribution stations being simultaneously built in Dzhubga, Novomikhailovka, Tuapse, and Kudepsta. The pipe will return to land in Sochi, in the area of the Veseloe village," explained Radu Petrescu, communication manager of Grup Servicii Petroliere.