Foreign companies sign MoU with Iran’s NIDC

TEHRAN, Oct. 31 (MNA) – An official of National Iranian Drilling Company (NIDC) recounted, on Sunday, the new agreements of Iranians with foreign companies.

‘To develop bilateral cooperation in drilling and exploration industries, we have signed a Memorandum of Understanding (MoU) with Italian energy group Eni,’ said Mohammad Reza Taaykadi, the Deputy Head of National Iranian Drilling Company (NIDC) on Sunday.

The official also recounted that there has been extensive talks between Iran and Iraq to run joint projects of drilling and exploring oil and gas in north and south areas of Iraq while current security concerns are impeding the progress.

He voiced hope that the continuous negotiations would lead to finalizing contracts with Iraq, in coming future months.

Also some Turkish companies are seeking NIDC’s expertise and are planning to borrow rigs from and hand out projects to Iranians, added the oil official.

Taaykadi recounted that Technology Transfer Contracts (TTC) are another realm of Iran-Iraq oil cooperation.

Boasting Iran’s tantalizing oil market, he affirmed that Italian energy company Eni and Saipem S.p.A., the Italian oil and gas industry contractor which is a subsidiary of Eni, are negotiating with Iranians and, have signed MoUs so far.

A reputed German company is also in talks to provide us with services of drilling, capital absorbing, and exchange of technology, Taaykadi asserted.


YNG /2954851


News Code 111553


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