National Iranian Oil Company - NIOC's Major Domestic Contractors

NIOC's Major Domestic Contractors

See also: National Iranian Petrochemical Company, List of Iranian companies, and Industry of Iran

Although usually neglected and overlooked, Iran also has a number of very active private companies in the oil sector. The growing private sector activity is mainly active in projects involving the construction of oil field units, refinery equipment, tanks and pipelines, as well as engineering. Iranian manufacturers will supply oil industry with $10 billion worth of domestically-made goods and equipment in 2012.

Iranian companies are already outperforming foreign firms in South Pars. NIOC produces 60-70% of its industrial equipment domestically including refineries, oil tankers, oil rigs, offshore platforms and exploration instruments. Iran is also cooperating with foreign companies to transfer technology to Iranian oil industry. The objective is to become self-sufficient by 85% before 2015. The strategic goods include onshore and offshore drilling rigs, pumps, turbines and precision tools. Domestic production of 52 petrochemical catalysts will be started in 2013.

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