Iran makes new oil offer to Europe

News ID: 3562169 -
TEHRAN, Feb. 21 (MNA) – NIDC managing director has expressed readiness to cooperate with credited European and Asian companies in oil and gas drilling projects.

Managing Director of National Iranian Drilling Company (NIDC) Heydar Bahmani referred to the formation of post-JCPOA committees in the field of oil and gas drilling saying “considering the removal of sanctions, the committees investigate issues related to economic, technical, planning facets of negotiations with foreign firms pursuing the signing of contracts.”

“Over the recent months, talks have been made with more than 30 European and Asian oil delegations,” noted the official asserting “drilling industry and the use of modern technologies have been the main axis of negotiations.”

Bahmani evaluated Singaporean and Italian companies as well as some European oil firms as the most outstanding delegations; “they have all sought mutual cooperation with NIDC in oil and gas industries.”

He further expressed NIDC’s readiness to collaborate with the world’s prominent oil companies for joint activity in oil and gas drilling projects commenting “despite international sanctions over the past three decades, Iran’s drilling industry has experienced qualitative and quantitative developments in various dimensions.”

“Before the Islamic Revolution, a total of 46 American and European companies were in charge of the country’s drilling industry,” mentioned Bahmani confirming “currently, about 70 percent of pieces are designed and manufactured inside the country; furthermore, the number of drilling devices has climbed from 20 to about 110 after the Revolution and the overall depth of drilling  has reached about six thousand meters.”

 

HA/3562089

 

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