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$300m Azadegan deal to local
- Iran: Thursday, December 14 - 2006 at 10:01
Iran has awarded $300m drilling contract for its giant Azadegan oilfield to the local National Iranian Drilling Co, Bloomberg reported. The state-owned company will install four rigs and drill 37 wells over 40 months. Construction starts in March 2007. Japan's Inpex had won development rights in 2004, but cut its stake to 10% from 75% in October 2006.
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James McInerney, News EditorThursday, December 14 - 2006 at 10:01 UAE local time (GMT+4)
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This article was updated on Wed Mar 28 2007.
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