Middle East Economic Survey
Ahmadinejad Inaugurates Caspian Semisubmersible Rig
Irans President Mahmoud Ahmadinejad and Minister of Petroleum Gholamhossein Nozari inaugurated the Iran Alborz semisubmersible drilling rig on 23 July. The petroleum ministrys PIN news service said that the rig was built by Iranian contractors at a cost of $80mn. The rig is designed to operate in up to 1,030ms of water, drilling to 6,000ms below the seabed. The rig was built at...