Over €1.5bn Worth of Deals Signed for Localizing Iran’s Oil Industry

Date: 22 October 2017 - 20:57

News ID: ۴۵۵۵۸

TEHRAN (Shana) – A senior Iranian oil official said on Sunday the country has so far signed 55 contracts with domestic developers for manufacturing industrial parts and data-x-items with a total value of €1.5 billion.
Speaking to reporters, Habibollah Bitaraf said the deals were signed in line with implementation of an initiative to indigenize manufacturing of 10 groups of widely-used oil industry parts and items.
He said tenders have so far been mounted for purchasing the data-x-items produced by domestic suppliers in this regard.
The qualities of the bidders in the tenders are assessed by Sharif University of Technology and Tehran University.
The data-x-items include turbines, drilling pipes, linings, casings, different kinds of pipes, bits, wellhead equipment, etc.