Russian Shipbuilder Wins $1 Bln Iran Contract for Five Gulf Oil Rigs

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.

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