Delivering speech at the unveiling ceremony, National Iranian Oil Refining and Distribution Company (NIORDC) Managing Director Jalil Salari said the first contract signed with ASA on exports of Iranian-made equipment has borne fruit.

Salari added the company has succeeded in indigenizing the compressor, whose technical know-how belonged to American and European companies.

The Iranian-made compressor can rival the U.S.-made type, boasted the deputy oil minister, describing the success as very important amid sanctions.

The domestically-manufactured compressor will be installed at the El Palito refinery of Venezuela, explained Salari, calling it a step toward implementing a project overseas.