30 August 2016 - 13:29
  • News Code: 268128
8,000 Strategic Petroleum Items Indigenized under Rouahni Admin.

TEHRAN, Aug 30 (Shana) -- National Iranian South Oil Company has reported it has successfully indigenized building 8,000 key items with wide usage in the petroleum industry during the 3 years that Iranian President Hassan Rouhani has been in office.

The report said the NISOC devised a plan in 2014 to indigenize thousands of critical oil parts and items including turbines, compressors and pumps. 

Furthermore, the scheme gained much impetus after Iranian Minister of Petroleum Bijan Zangeneh decreed NISOC to consider manufacture of key oil industry items and parts for hastening self-sufficiency in the sector. 

Besides these 8,000 items, construction of 4,000 other items is also being considered by NISOC, the report said. 

NIOSC is currently operating 45 oil and gas fields and accounts for over 80% of the country's total crude oil production.

News Code 268128

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