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Iran’s Persian Gulf Fajr Energy Company saves funds on import-substitution

Business Materials 3 February 2020 12:57 (UTC +04:00)
Iran’s Persian Gulf Fajr Energy Company saves funds on import-substitution

BAKU, Azerbaijan, Feb. 3

By Elnur Baghishov - Trend:

Iran’s Persian Gulf Fajr Energy Company has saved more than 150 billion rials (approximately $3.5 million) by import-substitution (domestic production) of spare parts for the equipment necessary for production of oxygen, nitrogen, plant air, instrument air, electricity and steam in the Petrochemical special economic zone in Bandar-e Emam Khomeyni district of Khuzestan province, said Gholamali Zalikhani, managing director of the Persian Gulf Fajr Energy Company, Trend reports Feb. 3 with reference to the company’s website.

Zalikhani noted that the company aimed at producing 760 types of spare parts within 7 years (2011-2018), adding that 790 types of spare parts were produced during this period.

In addition to the production of equipment and spare parts, the company has produced 13 chemicals that are widely used in Iran, the managing director said.

“With the domestic production of these chemical substances in Iran, at least 1 million euros were saved,” Zalikhani added.

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