TEHRAN - The head of the Research and Technology Center of the South Pars Gas Complex (POGC) said the complex has saved more than 20 million euros by advancing projects for the first-time production of gas industry equipment and items inside the country.

“The successful implementation of these projects, in addition to saving more than 20 million euros, has ended the dependence on foreign sources for the supply of some vital equipment for the country's gas industry and will make Iran one of the producers of technological equipment for the gas industry in the world,” Abbas Sayadi told Shana on Saturday.

According to Sayadi, the POGC Research and Technology Center was established with the aim of effective and sustainable communication with universities and science and technology parks of the country and to this end, the main goal of the center has been to create a technology ecosystem based on the technological needs of the industry.

Over the past two years, Iranian Oil Ministry has inked a total of 51 deals valued at $68 million with 40 knowledge-based companies for the first-time production of equipment and items needed in the country’s oil and gas industry.

The production of the mentioned items and equipment, which have been imported into the country so far, is going to save the country $305 million.

EF/MA