Middle EastOffshoreShipyards

Iran seeks to boost rig construction capabilities

Dubai: In a bid to develop its nation’s offshore construction capabilities National Iranian Oil Company (NIOC) has banned its subsidiaries from buying or hiring foreign drilling rigs.

“As it has already been announced… it is necessary to make sure that as long as there is domestically manufactured offshore and onshore drilling rigs available in the country, it would be prohibited to purchase or rent foreign rigs,” wrote Rokneddin Javadi, managing director of NIOC in a letter to the firm’s subsidiaries.

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