Iran able to build 80% of oil equipment: Zangeneh

Tehran (IP) - Iranian Minister of Petroleum says the country is able to supply 80% of the items and parts used in the petroleum industry.

Iran PressIran News: During a visit of the parliament speaker to the 25th Iran Oil, Gas, Refining and Petrochemical Exhibition on Saturday, Bijan Zangeneh said: "We are now able to manufacture and supply at least 80% of the fixed equipment of the oil industry inside the country."

"We have a shortage of capacity in seamless pipes production and we need to invest in CRA pipes," he said.

The Minister of Petroleum referred to catalysts and chemicals as other commodities needed by the oil industry, and said: "In this sector, in recent years, the country has faced a leap in production and self-reliance."

Zangeneh further said that rotating equipment is the third item produced by domestic manufacturers, and continued: "Now most of this equipment such as turbines and gas transfer compressors and various types of oil and product transfer pumps are being produced by major companies (OTC and Mapna) and medium-sized ones."

Earlier the CEO of the National Iranian Oil Company had also said that about 80% of the needs of the Iranian oil industry had been localized.

In an interview with Iran Press on the sidelines of the opening of the 25th International Oil, Gas and Petrochemical Exhibition on Friday, Massoud Karbasian had stated that the exhibition shows the ability of Iranian companies to produce hardware and software needs in the oil industry.


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