Russia's Krasnye Barrikady Shipyard made a deal with Iran's Tasdid Offshore Development Company worth $1 billion.

MOSCOW (Sputnik)�� Russia's Krasnye Barrikady Shipyard made a deal with�Iran's Tasdid Offshore Development Company worth $1 billion to�build offshore drilling rigs to�be used in�the oil and gas exploration project in�the Persian Gulf, media reported on�Saturday. The deal signed by�the companies' CEOs� Aleksandr Ilichev and Ehsan Mousavi provides that the drilling rigs will be built in�the Iranian city of�Khorramshahr within�the next two years, IRNA news agency said. The media added that 85 percent of�works under�the contract would be executed by�the Russian side.

By Sputnik