Self-Sufficiency in Manufacture of Electric Submersible Pumps Imminent

Domestically-manufactured electric submersible pumps in Petro Faraz Avar Sahel Tadbir Company will help raise crude output in Iran’s 22 oilfields by at least 700,000 barrels per day.
Yaser Fallahzadeh, the head of the privately-run PFAST Company, made the statement in a ceremony to inaugurate Iran’s first pump manufacturing factory in Ahvaz, Khuzestan Province, on Tuesday, IRNA reported.
Costing $15 million, the venture was funded by Persia Oil and Gas Company and an unnamed Russian partner, he added.
Fallahzadeh noted that the plant has the capacity to produce 150 pumps annually, making Iran self-sufficient in producing the device in the key oil industry.