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NIOPDC Signs Memorandum with Domestic Manufacturer

Source: Shana 5/9/2018, Location: Asia

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The National Iranian Oil Products Distribution Company (NIOPDC) has signed a memorandum of understanding with Supplying Petrochemical Industries Part Equipment and Chemical Engineering Company (SPEC) for domestic manufacturing of equipment needed in a gasoline vapor recovery project.

The MOU was signed between Farhad Abdollahpour, director of the gasoline vapor recovery project, on behalf of NIOPDC, and Jalil Sobhani, CEO of SPEC at the annual Iran Oil and Gas Show in Tehran on Wednesday.

Noting that implementation of the project was an environmental obligation, he said: "Therefore we plan to indigenize and then implement the project in the country."

He added that indigenization of the project would help save Iran foreign currency and create jobs.

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