Baku, Azerbaijan, May 21
By Fatih Karimov - Trend:
Iran's Sadid Industrial Group signed contracts with Russian firms to cooperate in construction of various offshore oil equipments.
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, IRNA news agency reported.
Under a deal which was signed with the Russian Red Barricades shipyard, the company will construct five $200 million jack up rigs for the Iranian firm.
The jack up modules will be constructed at Barricade's yard on the landlocked Caspian Sea within two years, and then will be transported to the Persian Gulf, where they will be assembled with the participation of Iranian experts.
The rigs once constructed will be delivered to the National Iranian Oil Company.
After signing the deal, Kaveh expressed hope that the two companies would cooperate in construction of ships and floating vessels as well in the near future.
Earlier Jafar Pourfarjoudi, an official with the Iranian Oil Ministry told Trend that the Russian companies are pursuing a more active role in the Iranian energy sector as the country is now free of sanctions and open to international cooperation.
Elsewhere, 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.
Uralmash will be doing so with Demico, a privately-held Iranian engineering company, to build 24 rigs, Pourfarjudi stated.
He added that the Oil Ministry always endorses Iranian companies' cooperation with foreign partners which would be willing to bring their technology and know-how to Iran.