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Self-Imposed Sanctions Harming Private Sector

Self-Imposed Sanctions Harming Private Sector Self-Imposed Sanctions Harming Private Sector

Energy officials seem oblivious of the fact that domestic companies have the capacity to provide up to 80% of the equipment needed by the oil sector, head of the Iranian Oil Equipment Manufacturers' Association said.
"Locally-produced oil and gas equipment is compliant with international standards. Nonetheless, the same products are imported by state-run bodies namely the Ministry of Industries, Mining and Trade," Sirous Talari was quoted as saying by ILNA.
Their potential notwithstanding, domestic manufacturers are saddled with self-imposed sanctions as the government is not willing to work with the private sector, he complained.

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