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Iranians Capable of Producing 80 Percent of Oil Equipment

Iranian enterprises, which will be commissioned to conduct the Oil Ministry’s 36 projects, are not allowed to import equipment manufactured locally
Over $6 billion worth of oil contracts will be signed with local upstream and downstream companies to support the private sector.Over $6 billion worth of oil contracts will be signed with local upstream and downstream companies to support the private sector.
Teaming up with big names like BP, Eni, OMW and Total can help Iranian manufacturers expand their foothold in the increasingly saturated oil market

Domestic manufacturers are capable of providing technical services and producing 80% of advanced oil equipment to develop downstream and midstream projects that will be tendered by the Oil Ministry soon, the head of the Society of Iranian Petroleum Industries Equipment Manufacturers said.

"Although we have been deprived of cutting-edge technology to manufacture machinery to launch upstream ventures, our factories can meet at least 50% of contractors' need for state-of-the-art equipment," Reza Khayyamian was also quoted as saying by ISNA.
 
Pointing to the Oil Ministry's plan to undertake 36 projects in the current fiscal, which started on March 21, Khayyamian said, "As per the ministry's rules, qualified Iranian contractors are obliged to purchase locally-made equipment."

According to the official, over $6 billion worth of oil contracts will be signed with local upstream and downstream companies to support the private sector in line with the country's push toward indigenization of oil and gas equipment, including control valves, pipes and rotating machines.

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