Iran Oil Ministry Announces New Import Restrictions

Iran’s Oil Ministry has banned the import of 84 oil equipment manufactured to support domestic parts makers, a ministry official said.
Parviz Sangin added that the equipment, including wellhead facilities, desalination equipment, anti-corrosion materials, sulfur recovery catalysts and wellhead control panel, can be sufficiently manufactured by Iranian companies with desirable quality, ILNA reported.
“Contractors are not allowed to buy foreign equipment included in the 84-item list even from domestic providers,” he said.
The official stressed that the ministry expects a minimum of 80% use of domestic equipment in EPC (engineering, procurement and construction) plans aimed at sustaining and raising petroleum production.