NIOC's Major Domestic Contractors
See also: National Iranian Petrochemical Company, List of Iranian companies, and Industry of IranAlthough 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.
Read more about this topic: National Iranian Oil Company
Famous quotes containing the words major and/or domestic:
“Uncle Bens brass bullet-mould
And powder horn, and Major Bogans face
Above the fire, in the half-light, plainly said
Theres naught to kill but the animated dead;”
—Allen Tate (18991979)
“Free from public debt, at peace with all the world, and with no complicated interests to consult in our intercourse with foreign powers, the present may be hailed as the epoch in our history the most favorable for the settlement of those principles in our domestic policy which shall be best calculated to give stability to our Republic and secure the blessings of freedom to our citizens.”
—Andrew Jackson (17671845)