Middle East Economic Survey

VOL. L

No 17

23-Apr-2007

IRAN

NIDC Agrees To Buy Eight Drilling Rigs From China

The National Iranian Drilling Company (NIDC) announced on 14 April that it had concluded preliminary agreements with China for the purchase of eight drilling rigs. Mehr News Agency cited an unnamed NIDC board member as saying that the company aimed to buy eight drilling rigs from China to help make up for a shortage of onshore rigs in Iran. Four of the rigs would be used for well workovers,...