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Iran sees 80 percent self-sufficiency in producing refinery equipment

Business Materials 5 November 2012 16:51 (UTC +04:00)

Azerbaijan, Baku, Nov.5/ Trend G.Mehdi/

Iran has envisaged producing up to 80 percent of equipment needed for its refineries, IRNA quoted National Iranian Oil Refining and Distribution Company's Managing Director Alireza Zeighami as saying on Monday.

Indigenizing the technology for building refineries and reaching self-sufficiency in engineering and implementation fields are among the goals of the oil ministry, he added.

On August 11, the deputy oil minister for research and technology stated that four refineries will be built in the country based on indigenized technology and domestically-made equipment.

Mohammad-Reza Moqaddam told IRNA that the refineries include a crude oil refinery, a natural gas refinery, and two gas condensates refineries, for which we are finalizing contracts.

Iran plans to become self-sufficient in producing 19 highly used goods which are strategic in the oil industry, he said.

He added that technologies for manufacturing the 19 oil goods should be indigenized by the end of the fifth five-year development plan (2015).

The strategic goods include onshore and offshore drilling rigs, pumps, turbines and precision tools, he noted.

He added that domestic production of 52 petrochemical catalysts will be started in the near future.

Global sanctions against Iran not only have not any hindering effect on the country's oil industry, but also have turned the Islamic republic into an exporter of equipment and goods, Oil Minister Rostam Qasemi said in May.

"Despite all threats of the enemies, there is no concern regarding development of the oil industry relying on expertise and knowledge of Iranian scientists," he added.

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