10 MoUs signed for Gachsaran oil, gas development projects

SHANA (Tehran) – On the second day of the 29th Iran International Oil, Gas, Refining, and Petrochemical Exhibition, Gachsaran Oil and Gas Company took a major step toward developing specialized equipment and supporting new technology-based firms by signing 10 contracts and memorandums of understanding with domestic firms.

The agreements were signed with companies including South Saazan, Danesh-Gheteh Samiin, Dorood Kelid Bargh, Hamkar Sanat Behsaz, Gazsoozan, PetroSanat Adel, Avand Plast Kerman, the science and technology parks of Khorasan and Kohgiluyeh and Boyer-Ahmad, and the Iran IoT Center.

Aliakbar Hafezinia, CEO of Gachsaran Oil and Gas Company, emphasized the importance of these agreements, stating: "This exhibition provides a golden opportunity to address industrial needs, identify challenges, and strengthen domestic collaboration."

He added: "Given the sanctions on Iran's oil industry and obstacles in sourcing parts from abroad, cooperation with domestic knowledge-based companies is vital for sustaining the country's oil industry operations."

The contracts, worth a total of 110 billion rials (approximately $2.6 million), cover the supply of key equipment, including surface safety systems, airport fuel delivery electro-pumps, pipeline transmission equipment, compressor parts, insulated fittings, flanges, and polyethylene pipes.

Hafezinia concluded: "Innovation in oil and gas equipment manufacturing by domestic companies will pave the way for sustainable industry progress and enhance local capabilities in the energy sector."

News ID 658406

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