16 November 2022 - 10:19
  • News Code: 464202
Exploration Activities of NIOC to Go beyond Iran Borders

TEHRAN (Shana) -- The Director of Exploration of the National Iranian Oil Company (NIOC) announced the development of the activities of the Ministry of Petroleum in the overseas sector, focusing on exploration activities and providing equipment.

Mehdi Fakur said on Monday that without a doubt, the industry would not have been able to develop to its current position in the absence of domestic manufacturers of the oil industry and owes a part of its life to domestic manufacturers.”

He stated that in the field of exploration, each region needs its appropriate equipment for activity, and acknowledged: “As we move forward, we need deeper wells and, as a result, a product with more special features.”

The Director of Exploration of the NIOC stated that the domestic manufacturers are now making goods that are needed abroad, and clarified: “Unfortunately, there are issues in the field of domestic manufacturing, such as the fact that the domestic manufacturers are not known abroad and sometimes the construction process is long and this shows the superiority of foreign manufacturers.”

Fakur said: “The Ministry of Petroleum has decided to move the frontiers of exploration out of the Islamic Republic.”

He added: “This issue is also emphasized in the roadmap of the Ministry of Petroleum, and meetings with foreign countries have been held in this regard, and the issue of Venezuela is not hidden from anyone.”

Fakur underlined the trip of the exploration management board of the NIOC to Tajikistan, and said: “According to the order of the oil minister, a visit was made to the infrastructure of the oil industry in this country to examine the field of development and production activities.”

News Code 464202

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