Global Business in Iran Database

In-depth metrics and analysis of Iran's international economic partnerships.

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China-Iran, North Drilling Company Oil Rig Deal

description

CPTDC, a unit of China’s National Petroleum has signed a $143 million contract with the state run North Drilling Company (NDC) to deliver a drilling rig that will be used in the NCD’s Persian Gulf oil fields.NDC plans to order two more drilling rigs from CPTDC in the near future.

Status

  • Current Status:
  • Discussion Date:
  • Contract Date: Sat, 2010-03-06
  • Completion Date:

Citation

1. “Iran, China sign $143mn Drilling Deal”, Eurasian Review, 6 March 2010, available at http://www.eurasiareview.com/2010/03/32242-iran-china-sign-143mn-drillin...

2. “Iran's NDC in $143m deal with China's CPTDC”, Payvand Iran News, 6 March 2010, available at http://www.payvand.com/news/10/mar/1050.html

All projects by China Petroleum Technology & Development Corporation (CPTDC)