Watch Iran's $40-Million Oil Rig Collapse Into The Sea
Feb 4, 2013, 20:31 IST
An Iranian oil rig that cost $40 million and weighs more than 4 million pounds sank in the Persian Gulf last week, news.com.au reports. Workers rushed to get off the rig—which belongs to Iran's Revolutionary Guard and took 30 months to build—as it disappeared into Iran's South Pars gas field in about 10 seconds. Local media reported that none of the workers were injured, according to news.com.au.
Iran is now calling for foreign aid to help recover the gas platform from the seabed, which lies 80 meters below the surface.
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The incident is the latest setback fro Iran's oil industry. Last month Iran’s oil minister acknowledged in a report that oil sales were down 40 percent and income dropped 45 percent in the previous nine months, largely because of U.S. sanctions aimed at curbing the country's disputed nuclear program.
Nevertheless, China has been purchasing more in recent months.
SEE ALSO: REPORT: Iran Drew Up Plans To Cause A Vast Oil Spill In The Strait Of Hormuz