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Iran to import 10 drilling rigs worth $850 million from China

Wednesday, 19 June 2013

Despite the policies for reducing reliance on foreign technologies and attaining self-sufficiency in the oil sector, the North Drilling Company of Iran has scrapped a deal with domestic manufacturers and signed a contract with Chinese manufacturers to build 14 onshore and offshore drilling rigs. The deal with domestic manufacturers was signed last July, but has not been enforced yet. Managing Director of the NDC, Hedayatollah Khademi, said that Chinese financiers will secure 80% of the funds required to manufacture the rigs. They are projected to be delivered within the next two years. Oil Minister Rostam Qasemi previously warned all the contractors to avoid importing equipment that is currently produced domestically.

 

 

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  • Published: 2 years ago on Wednesday, 19 June 2013
  • By: Iran Daily Brief
  • Last Modified: June 19, 2013 @ 2:48 pm
  • Filed Under: Economy
  • Tagged with:
  • Source(s):
    • http://www.shahrekhabar.com/economic/1371534000414130

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