Iran produces some 70% of its own oil industry equipment

Iran produces domestically more than 70 percent of equipments which is used in oil industry, Hormoz Ghalavand, Director of exploration Dept. of the National Iranian Oil Company said, IRNA news agency reported.
 
He also remarked that Iranian industry companies including National Iranian Oil Company should work hard to achieve self-sufficiency in the oil industry.
Deputy chairman of Iran Majlis Energy Committee Nasser Soudani had said on March 16 that Iran has attained self-sufficiency in all aspects of the oil industry by using its domestic workforce and experts.
At the beginning of 2012, the United States and the EU imposed new sanctions on Iran's oil and financial sector, suspecting the country of pursuing non-civilian objectives in its nuclear energy program.
On July 31 the House of Representatives passed a bill to tighten sanctions on Iran.

The bill, which passed 400 to 20, would cut Iran's oil exports by another 1 million barrels per day over a year, in an attempt to reduce the flow of funds to the nuclear program. It is the first sanctions bill to put a number on exactly how much Iran's oil exports would be cut. Previous U.S. and EU sanctions have reduced Iran's oil exports by more than half. The United States has worked with Iran's top oil consumers including China, Japan and South Korea to push them toward alternative suppliers of crude.

Source: http://tinyurl.com/o3ocmxj