NIGC Indigenization of Equipment on Fast Track

Despite difficulties, including geostrategic challenges and the recent coronavirus pandemic, Iran has made noticeable progress in its gas sector
NIGC Indigenization of Equipment on Fast Track
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.”


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