Source: PressTV
http://www.presstv.ir/detail.aspx?id=120173§ionid=351020103
Iran and China have reached a $143 million deal that allows a Chinese company to set up a drilling rig in the Persian Gulf.
The contract has been signed by Iran's North Drilling Company (NDCO) and China Petroleum Technology Development Corporation (CPTDC), NDCO chief Hedayatollah Khademi said.
"Based on the contract the CPTDC company, which is a subsidiary of China National Petroleum Corporation (CNPC), will be delivering a drilling rig to the North Oil Drilling Company within the next 8 months to be used in the Persian Gulf's oil and gas fields," Khademi told Shana news agency on Saturday
The official added that his company has finalized a deal with another Chinese company for two jack-up rigs, planned to be installed in the Persian Gulf.
China, which now gets more than 15 percent of its oil from Iran, reportedly has commitments of more than $80 billion in the country's energy sector.
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