NIGC Indigenization of Equipment on Fast Track

National Iranian Gas Company, a subsidiary of the National Iranian Oil Company, has invested $4 billion to fast track the indigenization of 29 vital equipment in collaboration with domestic manufacturers and engineers over the past two decades, the head of state-run NIGC said.
"These parts meeting the lion’s share of the industry's needs have reduced the import of equipment worth over $300 million per year," Hassan Montazer-Torbati was also quoted as saying by the Oil Ministry's news portal. 
The indigenized equipment includes pumps, anti-corrosion steel pipes, valves, turbines, storage tanks, boilers and compressors, he added.
“The share of natural gas in Iran's energy basket is 70% that are expected to reach 85% by 2025. To achieve this goal, more equipment are required to be manufactured by domestic producers.”