Azerbaijan, Baku, Apr.19/ Trend, R. Zamanov
The National Iranian South Oil Company and Tehran Cylinder Company signed a contract in Tehran on Friday. According to the contract, the Tehran Cylinder Company will construct the NISOC's needed drill bits, the IRIB News Agency reported.
The contract is worth 70 billion Rials (some 57 million USD per the official exchange rate).
The contract was signed on the sidelines of the 18th international exhibition on Iran's oil, gas, and petrochemicals (Iran oil show).
The 18th International Oil, Gas, Refining, and Petrochemical Exhibition (Iran Oil Show) opened in Tehran on Wednesday.
Some 1,000 Iranian and foreign companies have participated in the exhibition, which will run for four days.
Italy, Germany, Ukraine, Russia, Spain, Finland, Britain, France, Japan, the Netherlands, the UAE, South Korea, Croatia, Turkey, Saudi Arabia, Canada, Austria, Armenia, and Azerbaijan are amongst the foreign participants in the exhibition.