Iran Reducing Dependence on Foreign Suppliers for Strategic Gas Transfer Systems Under Sanctions
Managing Director of Iranian Gas Transmission Company (IGTC) Saeed Tavakkoli said the country's experts have managed to join the few Western manufacturers of vibration monitoring and protection system for gas transmission.
"The know-how for the production of vibration monitoring and protection systems as a strategic and hi-tech product was just owned by a number of limited world entities, including Metrix, Vibro-Meter, Bentley Nevada, etc. companies," Tavakkoli said on Saturday.
He added that the IGTC decided to design and manufacture the equipment and the system due to the wide need in the oil and gas industries and given the frequent problems on the way of its import from the foreign states.
Tavakkoli noted that the IGTC is now using domestic potentials to manufacture the vibration monitoring and protection systems.
According to the National Iranian Gas Company (NIGC), based on the country's macro policies to increase the share of natural gas in the energy mix of the country, Iran as the world's third-largest gas producer in recent years has focused on increasing its share of the global gas market.
since the 2000s, development of the South Pars gas field and its constant growth ever since, increase Iran's Natural Gas production capacity.
Regarding the implementation of development plans for gas refinement, provided that all development plans come on-stream by the end of the Sixth Development Plan to 2021, the total NIGC gas refinery capacity would cross 1,200 million cubic meters per day.
Since the 1979 Islamic Revolution, Iran’s natural gas production capacity has increased from 89 bcm in 1979 to over 3,754 bcm in 2018.
source: Fars News Agency
Top News
Canada invests $70m in Seymour Lake lithium project in Ontario
Iran Alloy Steel Company intends to purchase 600 tons of Low-Carbon Ferrochromium
Iron ore price hits five-week low as traders fret about Chinese demand
Gold price steadies as traders focus on uncertain 2025 rate path
Gold price under pressure from high US bond yields in holiday trading week
A STEP FORWARD TOWARDS SAFETY
Sovel contracts Danieli Automation for bar mill upgrading
Gold price firms in holiday-thinned trade, spotlight on Fed and Trump policies
Iron ore price rises on pre-holiday restocking, China stimulus hopes
Iron ore price reverses to losses as weakening China steel consumption drags
China to cut import tariffs on some recycled copper and aluminum raw materials
China’s November net gold imports via Hong Kong hit seven-month high
Iron ore price rebounds on improving steel margins, falling portside stocks
Mongolia reaches deal for $1.6 billion uranium mine with Orano
Iran Alloy Steel Company intends to purchase 600 tons of Low-Carbon Ferrochromium
Gemfields pauses Mozambique operation amid political unrest
Cordoba secures $10m bridge loan from partner JCHX for Alacran project
Gold price under pressure from high US bond yields in holiday trading week
Eramet produces first lithium from Centenario plant in Argentina
Iron ore price hits five-week low as traders fret about Chinese demand
China’s November net gold imports via Hong Kong hit seven-month high
Iron ore price rebounds on improving steel margins, falling portside stocks
Iran Alloy Steel Company intends to purchase 600 tons of Low-Carbon Ferrochromium
Gold price under pressure from high US bond yields in holiday trading week
Eramet produces first lithium from Centenario plant in Argentina
Iron ore price hits five-week low as traders fret about Chinese demand
Congo frees most of Chinese men held for illegal mining
Iron ore price reverses to losses as weakening China steel consumption drags
Gold price firms in holiday-thinned trade, spotlight on Fed and Trump policies