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Semi-floating Iran-Alborz oil platform to be built by March '08

TEHRAN, April 8 (Mehr News Agency) -- The building of Iran's semi-submersible oil drilling platform, Iran-Alborz, will end in the current Iranian year (March 20, 2008), said the managing director of Iran's North Drilling Co. (NDC) Sunday.

As one of the most advanced semi-floating drilling rigs, Iran-Alborz is made by Iran Marine Industrial Co. (SADRA), added Asghar Rafiei.

The project is completed in collaboration with the Chinese experts, he revealed.

A definite deadline has not been set, however, it is expected that the job will be done in the current year, Rafiei said.

Pointing to the latest developments in the Khesht oilfield, near the southern cities of Shiraz and Bushehr, the official said that the company has taken required steps toward the drilling of the second oil well in the region.

According to him, four production wells as well as one injection well are drilled in the area.

Iran to build first European ethanol refinery in Bosnia

TEHRAN, April 8 (Mehr News Agency) - Iran will establish Europe's first ethanol refinery in Bosnia & Herzegovina, Managing Director of Mashal Khazar Darya (MKD) Esmaeil Shahmir reported on Sunday.

Corn, which due to shortage of water in Iran cannot be cultivated, gives off ethanol, a cheap fuel, he added.

He said the contract worth $150 million, adding that a plot of land will be allocated to the project for 50 years and the fuel will be exported to Austria, Germany, and Black Sea.

MKD is one of the environment and engineering (E&I) group of companies which has worked in Iran since 1998. Its field of work relies on auditing survey of field work of National Iranian Oil Company (NIOC) in Lavan, Kharg, Behregan, Sirri.

... Payvand News - 4/9/07 ... --

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