IPS - Trade.com has been awarded a contract worth Euro 4.7 million by NIGC the National Iranian Gas Company for the supply of Seamless and Welded pipelines for the IGAT 5 project in Iran. The total project scope includes 21km pipes from ½”till 40” in qualities up to grade X65 some of them internally coated. Completion of the project is scheduled for end of 2005. This order is the second large project which IPS has received in the last month. - August 15, 2005