Saturday, March 6, 2010

Iranian Company Buys Chinese Oil Rigs

Iran Oil Rig Deal with China

China is the beneficiary of an order of an oil rig from Iran, valued at $143 million for the overall contract.

The North Oil Drilling Company, a state-run Iranian firm, also said it has orders for two more from the Chinese state energy group CNPC.

If the contract is fulfilled on time, the oil rig should be delivered sometime in the next eight months or so for use in oil and gas fields in the Persian Guld, said North Oil Drilling Company head Hedayatollah Khademi.

Iran Oil Rig Deal with China

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