Iran moves to explore offshore Caspian
UPI / JOHN C.K. DALY
13-May-2009

What is impressive about Iran's intentions is the fact that its offshore equipment is indigenously produced, a result of 30 years of U.S.-led sanctions stymieing Tehran's efforts to acquire advanced offshore technology. The Fars News Agency reported May 4 that Iranian Oil Minister Gholamhossein Nozari announced that President Mahmoud Ahmadinejad will inaugurate the 14,000-ton, $400 million Iran-Alborz semi-submersible drilling rig, designed to operate in the Caspian, in "the coming weeks."

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