21 July 2020 - 14:58
  • News Code: 305197
80% Share of Domestic Production in NISOC Goods Supply: CEO

TEHRAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) said over 80 percent of the goods supplied for the company were procured by domestic manufacturers.

According to NISOC, Ahmad Mohammadi said: "Only 5% of the items needed by the company are provided from foreign direct purchases, which means a big step in the self-reliance of Iran's oil industry."

He considered startups and knowledge-based companies as new members of the oil industry family, and said: "With constructive efforts and interaction, we have been able to find key and advanced goods and equipment for the oil industry, such as downhole pumps, drilling bits and rigs, some rotating machinery, precision instruments and chemicals."

News Code 305197

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