Tag Archives | Halliburton

Iran ‘Breaks US Monopoly in Oilfield Cement Plugs’

Iran’s Research Institute of Petroleum Industry (RIPI) says it has “achieved the technology to produce cementing plugs used in deep oil and gas wells, breaking the monopoly of American firms in the industry“. “The achievement to manufacture the part locally saves hard currency from being spent abroad,” said RIPI’s head of cement plug project, Talat […]

Winners and Losers if Sanctions Lifted

By John Lee. An analysis by Fortune magazine lists the expected winners and losers from a lifting of sanctions on Iran. Winners EU automakers: Companies such as Germany’s Mercedes-Benz, and Peugeot and Renault of France, are identified as being well positioned to take advantage of Iran’s large market. Oil services companies: Iran says it needs […]