Kardor: NIOC has $50bn debts

The Managing Director of National Iranian Oil Company (NIOC) Ali Kardor said his company has up to $50bn debts due to not completion of the projects under the scheduled time.
According to Energy Today. in the 4th international drilling industry congress. Kardor said there is major delays in the rig sector that both employers and contractors are responsible for them. but we had a significant growth in South Pars.
The Managing Director of NIOC added that according to the 6th Development Plan. the daily output of the country should reach to 407mb/d. but it needs about 135 rigs and 500 oil well to gain this goal.
The official added that in the new IPC`s. we try to donate further advantages to Iranian companies that are joint in tenders to facilitate the transfer of technology and resources.
 

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