Commodities

NIDC Completes 48 Wells in First Five Months of Iranian Year

Guavy AI Editorial Team Published August 17, 2026

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Oil

The National Iranian Drilling Co. (NIDC) has made significant progress in drilling and completing oil and gas wells across Iran, according to its Managing Director. In the first five months of the current Iranian year, which ended on August 17, 2026, NIDC successfully drilled and completed 48 wells in both onshore and offshore regions.

The Wire

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