Majid Mohammadpour, speaking on the sidelines of the 16th Kish International Energy Exhibition, said that the share of Iranian manufacturers and industrialists in the supply of petroleum products and equipment has reached 85 percent.

He said technical knowhow of producing 65% of overwhelmingly used petroleum industry items has been developed domestically and we have adopted reverse engineering methods to localize another 20% of the items.

Mohammadpour added: “Oil industry equipment manufacturers tap all their capacities and opportunities to tackle the sanctions and supply the goods needed for the country's oil industry projects and facilities.”