NTBFs help Iranian gas industry to become self-sufficient: NIGC
With the efforts made by the new technology-based firms (NTBFs), the Iranian gas industry has gained self-sufficiency as all required products have been domesticized, announced Managing Director of National Iranian Gas Company (NIGC) Majid Chegeni.
The official noted that innovations as well as productions presented this year by NTBFs show that the technology development of these firms is advancing at an acceptable rate as they have made significant advances compared to last year.
“This achievement is a source of pride and hope for the oil industry and especially the gas sector. Therefore, we appreciate all the related officials that took fundamental steps to pass a law on supporting the NTBFs,” he stated.
Chegeni went on to say that the products presented by NTBFs showed that they enjoy the potential to compete with foreign products, and due to compliance with standards, they can meet many needs of the gas industry.
“Supporting NTBFs is one of our main duties, that’s why the NIGC signed a contract for the first-time production valued at $150 million with the Vice-Presidency for Science and Technology to support NTBFs."
The official added that also an equivalent credit of $600 million has been allocated so that the Vice-Presidency for Science and Technology will sign contracts for the first-time production in the field of strategic demands and new technological businesses with qualified NTBFs.