6 May 2019 - 15:51
  • News Code: 289036
IOTC Localizes Manufacturing of Industrial Valves

TEHRAN (Shana) -- The Iranian Oil Terminals Company (IOTC) has acquired the technical savvy for manufacturing parts of industrial valves which were previously monopolized by European and American companies.

According to IOTC, CEO Abbas Assadrouz told a meeting of the executives of Khark Oil Terminal, that knowledge-based oil companies have been established in the industry in order to develop the range of capabilities and activities and manufacturing of new items and parts with wide usage in the sector.

“Under the current circumstances that more pressure is imposed on development units, it is the best time for the active presence of knowledge-based companies in order to provide solutions to existing problems and production of new items,” he said.

News Code 289036

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