EghtesadOnline: Iran's decisive petroleum industry plays an important role in the country's Economy of Resistance that its implementation was reiterated by the Supreme Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei in the motto chosen for the current Iranian calendar year.

EghtesadOnline: After the easing of international sanctions and gradual normalization of trade ties with foreign firms, most of the equipment and machinery for the oil sector, held overseas, was released and delivered in Asalouyeh, Bushehr Province, managing director of Pars Oil and Gas Company (POGC) said.

EghtesadOnline: The South Pars confiscated equipment was released after implementation of the nuclear deal between Tehran and world powers known also as the Joint Comprehensive Plan of Action (JCPOA), says Pars Oil and Gas Company Managing Director.

EghtesadOnline: Iran's petroleum industry is operating with technology and equipment that belong to several generations ago and the way to eliminate the bottleneck is by opening up the key sector to foreign investment and technology, a senior oil official says.

EghtesadOnline: The National Petrochemical Company is stepping up efforts to support domestic manufacturers of oil, gas and petrochemical equipment.

EghtesadOnline: The lifting of international economic sanctions last year helped Iran cut costs for import of essential equipment for the key oil industry.