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SADRA also known as "Iran Marine Industrial Company" was founded in 1968 as a small ship repair yard in Bushehr. Since then, SADRA has established itself as the leading shipbuilding and shiprepairing company in Iran.[1] SADRA is also active in offshore oil & gas development.[2] Sadra Group is a sister company of Iran's state-owned Iran Shipbuilding and Offshores Industries Complex Co. (ISOICO).[3] In 2005, SADRA won a 100 million euro contract to build four cargo ships for German company Rickmers.[3] In 2006 SADRA group won a $2.4 billion dollar contract to build 10 LNG carriers for a leading Belgian company.[2] In 2009 SADRA launched a domestically-built semi-floatable drilling rig for the Caspian Sea. The semi-submersible rig called Iran-Alborz is the largest in the Middle East. The semi-floatable platform is able to operate at water depths up to 1,030 meters and can drill down to 6,000 meters under the seabed.[4] In September 2009 it was announced that SADRA has begun manufacturing four 113,000-metric-ton Aframax oil tankers for Venezuela.[5] Over the next two decades, Iran would need 500 new ships, including 120 oil tankers, 40 liquefied natural gas (LNG) carriers and over 300 commercial vessels.[6] In 2009, in a move aimed at further enhancing Iran's shipbuilding industry, President Mahmoud Ahmadinejad said he will ban the purchase of foreign ships by Iranian organizations.[7] [edit] References
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