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Oil Industry Equipment Makers Association: 710M Euros in Exports

Oil Industry Equipment Makers Association: 710M Euros in Exports

Iran’s equipment manufacturers are optimistic about their export potential, with Saghafi, the association’s representative, stating that they are currently only utilizing 10% of their production capacity. Despite challenges like limited access to foreign exchange, their international marketing efforts have shown promising results.

While Saghafi acknowledges improved collaboration with the government, he emphasizes that more support is needed for their expansion plans. Looking ahead, he believes that within the next two years, manufacturers can reach their full export capacity.

The press conference highlighted the importance of governmental support in achieving their goals. With a focus on enhancing equipment exports, the association is determined to overcome obstacles and enhance their presence in the global market.

To learn more about Iran’s economic developments, check out our article on the upcoming Oil Show 2024, showcasing international confidence in Tehran’s energy sector.

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