Morteza Fouladi, the CEO of the National Iranian Drilling Company (NIDC) said the above, adding that his company, as a pioneer in supporting domestic manufacturers, has made efforts to boost domestic production, improve the quality of products and enhance the competition potency of domestic manufacturing.

The official went on to say that the NIDC approach of sustaining the supply chain for drilling industry leads to growth of employment along with the efficient cooperation in expansion and prudence of the country’s economy.

In-time supply of goods and materials, he said, play a crucial role in preventing interruption of operations as accelerates the implementation of development plan for oil and gas fields as enhances productivity.

“Holding specialized exhibitions help the new technology-based firms (NTBFs) and domestic manufacturers to showcase their potentials to stakeholders active in oil industry as the bilateral collaboration leads to getting helpful feedback and persistent improvement of quality along with growth in output,” Fouladi noted.

From another view, the NIDC head stated, the specialized event helps the NTBFs and manufacturers get together which become familiar with the potentials of parts production and equipments of the industry in Iran and confer on their needs.