Saudi Arabia's ADES Holding halts 10 drilling rigs in Gulf due to Iran war

RIYADH: Oil drilling firm ADES Holding Co. has halted 10 rigs within the Gulf region due to the Iran war, which has led some regional producers to reduce oil supplies, CEO Mohamed Farouk said in an interview with Asharq TV. The company had announced last week that it had suspended operations on some of its offshore rigs without disclosing the number at the time.

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