Azernews.Az

National Iranian South Oil Company (NISOC) has indigenised the technology for manufacturing 4400 components which are used in the oil sector, IRNA news agency quoted NISOC managing director Hamid Bovard as saying.

"The components include gas turbines and compressors as well as drilling equipment," he noted.

Global sanctions against Iran have not only failed to hinder the country's oil industry, but have also turned the Islamic republic into an exporter of equipment and goods, Oil Minister Rostam Qasemi said in May.

"Despite all our enemies threats, there is no concern regarding the development of the oil industry which relies on the expertise and knowledge of Iranian scientists," he said.

Qasemi said that the country is approaching "total self-sufficiency" in the production of equipment required for the country's oil industry.

Iran plans to become self-sufficient in producing 19 highly used goods which are strategic to the oil industry, the deputy oil minister for technology Mohammad-Reza Moqaddam said in July.

Moqaddam added that technologies for manufacturing the goods should be indigenised by the end of the fifth five-year development plan in 2015, Mehr news agency reported.

The strategic goods include onshore and offshore drilling rigs, pumps, turbines and precision tools, he noted, adding that domestic production of 52 petrochemical catalysts will be started in the near future.