Middle East Economic Survey

VOL. LIV

No 39

26-Sep-2011

IRAN

NISOC Plans To Charter More Drilling Rigs To Maintain Production

Hormoz Qalavand, Managing Director of the National Iranian South Oil Company (NISOC) told Shana on 21 September that the company, which accounts for around 80% of Irans oil production, expanded the number of oil rigs under charter from 39 to 50 during March-September in order to maintain its current production. He said that the company plans to add another 10 more rigs...