Middle East Economic Survey

VOL. XLIX

No 40

2-Oct-2006

IRAN

Iran Rig Shortage Threatens To Delay Upstream Projects, Says NIDC

The National Iranian Oil Company (NIOC) has set up a committee to study the impact of a drilling rig shortage in Iran on the countrys exploration and development plans. Hedayatollah Khademi, Director NIOCs National Iranian Drilling Company (NIDC) subsidiary, told reporters on 26 September: Some of the oil and gas projects are facing delay and it is not that easy to get a...