Iran negotiates with foreign companies to import oil equipment technology
Baku, Azerbaijan, Dec. 24
By Fatih Karimov - Trend: Iran is negotiating with foreign companies to import oil equipment technology.
Reza Padidar, head of the union of Iranian oil equipment producers, said that through negotiating with foreign companies and attracting new investments, the way will be paved for importing the technology for manufacturing oil equipment, Iran's IRNA news agency reported on Dec. 24.
Currently, oil equipments export accounts for 5 percent of the country's total exports, he added.
Iran produces domestically more than 70 percent of equipment which is used in oil industry, he noted.
Iranian oil minister, Bijan Namdar Zanganeh said in September that although international sanctions target the Islamic Republic's oil industry, the country has been partly successful in bypassing the sanctions.
"The United States and its western allies are trying to create troubles for Iran's oil industry via sanctions, however we continue to move towards our goals," Zanganeh said.