Baku, Azerbaijan, Oct. 10
By Fatih Karimov - Trend:
Iran intends to boost oil equipment export to Europe, managing director of Iranian Petroleum Equipment Manufacturers' Association, Reza Padidar said.
Some 6 percent of the domestically-manufactured equipment is exported, he said, adding that by the end of the next Iranian fiscal year (March 2017), the figure will rise to 15 percent, Iran's IRNA news agency reported on October 10.
Although Iranian manufacturers have the potential to produce 71 percent of equipment needed for oil, gas, and petrochemical units, just 30 percent of the capacity is used, he added.
"We have signed contracts for exporting our products to China, Turkey, and Turkmenistan," he said, adding that talks have been held with the German Machine Tool Builders' Association, as well.
More than 700 companies are members of the Iranian Petroleum Equipment Manufacturers' Association, he noted.
National Iranian Gas Company (NIGC)'s Managing Director Hamidreza Araqi said in May that Iran has reached self-sufficiency in manufacturing all equipment required for the country's gas supply network.