7 January 2024 - 20:59
  • News ID: 635846
NIGC to invest up to $2b in knowledge-based sector: CEO

SHANA (Tehran) – The National Iranian Gas Company managing director on Sunday said NIGC plans to invest up to $2 billion in the knowledge-based sector within the next few years.

Talking to reporters on the sidelines of a signing ceremony of a cooperation agreement reached between NIGC and the Presidential Department of Science, Technology and Knowledge-Based Economy, Majid Chegeni added, “Based on the agreement, 12 groups of strategic products worth over $500 million will be made and we hope that most of them will be produced by the end of the 13th administration’s term (August 2025).”

He said the Oil Ministry is one of the pioneers of the knowledge-based sector and NIGC has taken appropriate measures in this field over the past years.

“We have made essential gas equipment and items domestically and the pace of indigenization will be accelerated following the signing of this cooperation agreement,” the CEO of NIGC concluded.

News ID 635846


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