Publishe Date: 2:56 PM - 6/17/2014 | Print

Oil Minister: Iran Stands Atop Regional Countries in Undersea Pipe-laying

Economy - Iranian Oil Minister Bijan Namdar Zanganeh said Iran is the most advanced nation in the region in terms of undersea pipe-laying.

Today Iran is the first power in the region in terms of laying pipelines in the Persian Gulf," Zanganeh said addressing an open session of the parliament here in Tehran on Tuesday.

He noted that he has been told by the National Iranian Gas Company (NIGC) that since 2010 Iran has not purchased pipes from foreign countries and supplied its needs domestically.

Meantime, the Iranian oil minister announced that Iran is going to purchase two million tons of metal sheets from abroad pipeline construction.

Last month, a senior official lauded Iranian petrochemical experts and engineers for the efforts they have made to gain self-sufficiency in the field, and said the country plans to supply its petrochemical plants with home-made parts and equipment in the next five years.

Managing Director of the Supplying Petrochemical Industries Parts, Equipment and Chemical Engineering Co. said that the SPEC plans to procure all the equipment and necessary parts from the inside market and to attain self-sufficiency in the sector by relying on domestic experts in the next five years.

Also in May, Managing Director of Iran’s National Petrochemical Company (NPC) Abbas Sheri-Moqaddam said that Iran has considerably increased its petrochemical exports as sanctions against the Islamic Republic are eased in the wake of an interim nuclear deal between Tehran and the Group 5+1 (the US, Russia, China, France and Britain plus Germany).

"More than 40 million tons of petrochemicals were produced in the country in the last Iranian year (ended March 20, 2014), $ 9bln equivalent of which was exported,”

Iran has trade transactions with over 105 world countries.

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