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.