Marine Link
Tuesday, March 19, 2024

Russian Shipbuilder Wins $1 bln Iran Oil Rig Deal

Maritime Activity Reports, Inc.

May 23, 2016

Russian shipbuilder Krasnye Barrikady has been awarded a near-$1 billion contract by Iran to build five offshore drilling rigs for use on Iran's part of the Gulf shelf, a company official told Reuters.

The project, which was under discussion for almost two years, will be financed jointly by Russia and Iran, the official said.

Iran will soon make a 15 percent advance payment on the $200 million price of the first rig, he said.


Reporting by Svetlana Burmistrova

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week