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Iran to import 8 drilling rigs from China

Iran Materials 14 April 2014 15:35 (UTC +04:00)

Baku, Azerbaijan, Apr.14

By Fatih Karimov - Trend:

Iran will import eight drilling rigs from China, despite the Oil Ministry's approach to manufacture such equipments domestically.

The National Iranian Drilling Company has ordered eight Chinese-made drilling rigs to be imported in the current Iranian calendar year, which began on March 21, Iran's Mehr news agency reported on April 14.

Iran has banned the import of low quality drilling rigs from foreign countries and especially China, Iranian Deputy Oil Minister Emad Hosseini said on January 24.

"The oil ministry has turned to Iranian manufacturers for the construction of drilling rigs," he said. "There are numerous domestic manufacturers capable of producing the rigs in Iran".

Iran imported over 20 drilling rigs from China in the past few years.

Iranian IRNA News Agency quoted Iranian MP Amir Abbas Soltani on November 15 as saying that domestic manufacturers are capable of building drilling rigs which cost 600 trillion rials (about $24 million) less than importing the Chinese made equivalent.

"Each Chinese made drilling rig is imported for about 1700 trillion rials, while building the same rig domestically with higher quality costs about 1100 trillion rials," he noted.

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