TEHRAN - Hamid Bovard, the head of National Iranian Oil Company (NIOC), appointed Mehran Makvandi as the new managing director of National Iranian Drilling Company (NIDC), replacing Hamidreza Golpayegani in the position, Shana reported.

Makvandi previously served as NIDC’s director of operation, engineering, and technical services.

NIDC is a subsidiary of National Iranian Oil Company which was founded in 1979 and is based in Ahwaz, southwestern Iran. The company engages in the exploration, development, and drilling of oil and gas wells. It owns and operates drilling rigs and equipment for providing drilling services.

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