Energy
0

NIDC Mulls Iraq Projects

National Iranian Oil Company has signed a memorandum of understanding with a domestic Iraqi drilling company for conducting operations in Basra and Zubair oilfields
NIDC has 73 drilling rigs, of which 70 are onshore machinery.NIDC has 73 drilling rigs, of which 70 are onshore machinery.

The National Iranian Drilling Company is scrutinizing proposals presented by the Italian giant oil company Eni as well as Russia's Lukoil to undertake drilling projects in Iraq. Karam Ali Naderi, NIDC's marketing manager, made the statement on the sidelines of a ceremony to sign a memorandum of understanding with a domestic Iraqi drilling company in Ahvaz, aimed at conducting drilling and overhaul operations in Basra and Zubair oilfields, Shana reported.
"Eni and Lukoil have won tenders to implement drilling operations in Iraq," he said, noting that NIDC has received proposals to join after selecting an Iraqi business partner.
 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com