Azerbaijan, Baku, Sept. 27/ Trend M. Moezzi
The National Iranian Drilling Company (NIDC) has succeeded in domestically producing of more than half of its widely used parts.
NIDC Deputy Director of Research, Technology and Manufacturing, Shahram Sedighi, said 100 billion rials ($8.1 million based on USD official rate) in credit was allocated for research projects and 600 billion rials (almost $49 million) was budgeted for building the parts, the IRIB reported.
More than 3 trillion rials have been invested in building drilling parts and equipment domestically.
After the parts are analyzed and designed, manufacturers produce samples to use in the field.
So far, 18,500 high use parts have been manufactured by Iranian companies.
In the face of international sanctions that have taken away Iran's ability to import equipment and parts for its industries, the Islamic Republic is working to domestically produce what it needs to keep operating.
The sanctions have been imposed by the U.S. and its allies in a dispute over Iran's nuclear programme which the West contends has military purposes and Iran insists that it is purely civilian in nature.