INSEAD Day 4 - 728x90

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

NIDC drills 195 oil wells in 2 years

The number of drilling derricks has reached 64 while the figure stood at 56 when the 13th administration took over NIDC in August 2021. (Tasnim)
  • The oil and gas wells were put into operation by affiliated companies of the National Iranian Oil Company.
  • 13 wells were completed 201 days sooner than expected due to round-the-clock efforts of NIDC’s employees.

TEHRAN, IRAN – National Iranian Drilling Company (NIDC)’s managing director said 195 oil and gas wells, including exploration and development-appraisal wells, have been drilled and completed along with workover operations since the 13th administration assumed office in August 2021.

Commemorating the Government Week (August 24-30), Hamidreza Golpayegani said 158,410 meters were drilled in onshore and offshore operations and the wells were put into operation by affiliated companies of the National Iranian Oil Company (NIOC).    

He said 13 wells were completed 201 days sooner than expected due to round-the-clock efforts of NIDC’s employees, describing it an invaluable economic task, SHANA reported.

According to the chief executive of the company, the number of drilling derricks has reached 64 while the figure stood at 56 when the 13th administration took over.