Enormous savings achieved in SP through indigenization: SPGC

SHANA (Tehran) – The CEO of the South Pars Gas Complex (SPGC) announced great amount of savings resulting from the domestic production of strategic parts and equipment by local companies.

Gholamabbas Hosseini highlighted extensive support for knowledge-based companies and domestic manufacturers, revealing that over 11,589 items have been localized within the complex.

Among these achievements is the successful localization of a gas export turbine by an Iranian company, reducing reliance on foreign suppliers.

He added that in recent months, the purchase of 2.4 trillion tomans worth of domestically produced goods and equipment for South Pars refineries has prevented significant foreign currency outflows. This initiative has saved the country €4.8 million so far.

The CEO emphasized that the SPGC, as the largest gas producer in Iran and the Middle East, has prioritized accelerating the domestic production of high-tech and high-demand components. To this end, necessary parts have been identified, and their production has been proposed to new technology-based firms (NTBFs).

News ID 655558

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