Iran, Russia ink $1 billion oil rig deal
This file photo shows Iran's Amir Kabir semi-submersible drilling rig./ Russian shipbuilder Krasnye Barrikady and an Iranian company have signed a deal worth $1 billion to build five offshore drilling rigs for oil and gas exploration in the Persian Gulf. The deal signed with Iran’s Tasdid Offshore Development Company (TODC) on Sunday envisages the construction of each drilling rig over two years in the port city of Khorramshahr, TODC Managing Director Ehsanollah Mousavi said. The project will be jointly financed by Russia and Iran, and put ...
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