Iran Mulling to Indigenize Petrochemical Industries Equipment

Iran is planning to indigenize the equipment needed for the manufacturing of downstream petrochemical industries, an industrial official announced.

“Domestic manufacturers are presently able to supply all equipment needed for the development of downstream petrochemical industries,” a member of Board of Directors of Society of Iranian Petroleum Industry Equipment Manufacturers (SIPIEM) Reza Khiamian told reporters on Sunday.

He noted that the domestic suppliers of petrochemical equipment should try to provide relevant parts and equipment with the highest quality timely.

Khiamian called on responsible officials to throw their weights behind Small- and Medium-sized Enterprises (SMEs) for materializing economic objectives of this sector.

He underlined that Iran’s private sector enjoy high capability and potential in manufacturing oil industry equipment.

Large and mega-sized companies in the world support SMEs, but it is a matter of regret to say that SMEs are not supported duly in Iran.