Friday, December 17, 2004

Iran produces most of power equipments domestically

Iran produces most of power equipments domestically: "Iran produces most of power equipments domestically
TEHRAN, Dec. 17 (MNA) – Iran supplies most of its need for power equipments inside the country, said deputy energy minister Hamid Chitchian.
Speaking at the opening ceremony of the Middle East International Energy Fair, the official stated that, during the past decade, the national energy sector had comprised 82% of the total volume of exports. “Generally, energy plays a very significant role in our national and international economic diplomacy.” Iran reserves 10% and 18% of the world’s oil and gas resources respectively.

During the last three years, energy accounted for 22.7% of the gross domestic product (GDP) while consuming only 12.9% of the total amount of investments. “So far, we have signed deals to export out power equipment to Syria, Pakistan, Azerbaijan, Oman, Turkmenistan and Yemen,” Chitchian informed, pointing out that Iran will also sell electricity to Russia, Azerbaijan, Pakistan, Iraq, Turkey, Armenia and Afghanistan. Meanwhile, Iran is to connect its power network to those of all these seven countries.

The Iranian official also underscored the recent developments in the national energy industries performed by domestic experts. “For instance, we are now capable of making immensely powerful gas turbines.”

The international fair, which opened Tuesday in Kish Free Zone to exhibit modern energy developments offered by 150 Iranian and foreign countries, will end Friday."

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