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Russia Signs Deal to Build Oil Rigs

The Iran Shipbuilding and Offshore Industries Complex Company (ISOICO) has said that it has signed an agreement with Russian shipyard Krasnye Barrikady (Red Barricades) for oil rig construction and technology transfer. ISOICO Managing Director Hamid Rezaian said the agreement will allow his company to take advantage of the Russian firm’s facilities to produce certain equipment. […]