EghtesadOnline: With US sanctions on the oil industry taking a toll on the economy, including the national budget, the government has again pledged to reduce dependency on oil exports to zero and prepare the next budget (March 2020-21) without oil revenues.

EghtesadOnline: National Iranian Drilling Company, a subsidiary of the National Iranian Oil Company, is collaborating with 230 local manufacturers, especially in Khuzestan Province, to indigenize drilling equipment, the company’s managing director said.