Mr Rostam Qasemi oil minister of Iran as saying that the ministry plans to set up a special fund for the purpose of supporting oil producers and contractors. A plan has been drafted by the ministry and it will be submitted to the parliament in the form of a bill.
Mr Qasemi said that Iran plans to become self-sufficient in producing 19 highly used goods which are strategic to the oil industry. Technology for manufacturing 19 of the oil goods should be indigenized by the end of the fifth five year development plan. Strategic goods include onshore and offshore drilling rigs, pumps, turbines and precision tools.
He said that domestic production of 52 petrochemical catalysts will be started in the near future. Global sanctions against Iran have not only not hindered the country's oil industry but also have turned the Islamic republic into an exporter of equipment and goods.
He added that despite all the threats from our enemies, there is no concern regarding development of the oil industry relying on the expertise and knowledge of Iranian scientists.