Iran, Russia to work together to build drilling rigs
Baku, Azerbaijan, May 25
By Khalid Kazimov - Trend:
Iran plans to build 14 offshore drilling rigs, five of which would be built in Russia, according to Fars news agency.
Reportedly, five rigs will be built with the cooperation of a Russian company, and each rig is estimated to be worth $200 million.
The report added that the five rigs will be assembled in the Persian Gulf.
On May 21 IRNA news agency reported that Iran's Sadid Industrial Group signed contracts with Russian firms to cooperate in construction of offshore oil equipment.
The documents were signed during a ceremony attended by Alexander Zhilkin, the governor of Astrakhan Oblast in Russia, Victor Vinokurov, head of Astrakhan Chamber of Commerce and Industry and Amir Hossein Kaveh, Sadid group's vice chairman in Astrakhan.
Once constructed, the rigs will be delivered to the National Iranian Oil Company.
Meanwhile, it has been said that the Russian company Uralmash, a heavy machine production facility of the Russian engineering corporation OMZ, is going to build drilling rigs in Iran.