NISOC indigenizes manufacturing of over 1,000 oil equipment items

TEHRAN – Managing Director of National Iranian South Oil Company (NISOC) says his company has successfully indigenized the knowledge for the production of over 1,000 oil equipment items over the past 12 months, Shana reported. Speaking in a ceremony on the occasion of the Ten-Day Dawn (anniversary of the victory of the Islamic Revolution) on Saturday, Ahmad Mohammadi said: “since the past [Iranian calendar month of] Bahman (ended on February 20, 2019) up to date, we have managed to indigenize over 1000 necessary items in the oil industry in collaboration with the private sector.” According to the official, this success is an indication of the country’s determination for neutralizing the negative impacts of the U.S. sanctions on the country’s oil industry as much as possible. Back in December 2019, the company released a list of 7500 equipment items needed in the country’s oil industry, to be manufactured by domestic producers. The list was unveiled at the opening ceremony of the 11th Khuzestan Specialized Exhibition of Domestic Manufacturing of Petroleum and the 17th Drilling Industry Equipment Exhibition in the southwestern province. Earlier that month, Chairman of the Bo...

Multi-Screen Content Discovery Engines Market 2020: Industry Size & Share evolution to 2026 by Key Development, Growth Insight, Status, Top Players in the Industry, Trends ad Forecast by eSherpa Market Reports

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Cardiopulmonary Bypass Accessory Equipment Market Will Grow Over USD 6,031 Million By 2025

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