Energy
0

Indigenized Turbines Capable of Entering International Markets

Domestically-made oil and gas equipment and parts comply with European standards and have potential customers in the markets of Central Asia, Latin America and Russia
Indigenized Turbines Capable of Entering International Markets
Indigenized Turbines Capable of Entering International Markets

Iran is self-sufficient in manufacturing turbines used in petrochemical plants, oil and gas industries and power stations, managing director of Iranian Gas Engineering and Development Company said.
“Domestic firms have transferred the much-needed knowhow to produce different turbines from Europe and the advanced technology has been indigenized,” Reza Noshadi was also quoted as saying by ILNA.
Locally-make turbines are being used in the power plants of Iraq, Syria and Oman, and negotiations are underway to sell them in Latin American countries, namely Cuba and Venezuela, he added.
Referring to the turbine market in Arab states, the official noted that although the UAE, Qatar, Kuwait and Saudi Arabia need the hi-tech rotary mechanical device, the US does not allow them to sign contracts with Iranian firms and their market is dominated by European companies.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com