NIDC, OIEC Sign MoU on Energy Cooperation

The National Iranian Drilling Company, a subsidiary of the National Iranian Oil Company, signed a memorandum of understanding on Monday with the Oil Industries Engineering and Construction Company to cooperate in oil and gas development projects.
The MoU was signed by Sepehr Sepehri, NIDC's managing director, and Mohammad Mohammadi, the CEO of OIEC, and is valid for a one-year period, NIOC's news portal reported.
As per the agreement, OIEC will provide NIDC with drilling and extraction equipment, and technical engineering support.
The MoU concerns the two companies' cooperation in future upstream projects and tenders.